Regional Management Corp stock price up 3.64% on Tuesday
(Updated on Dec 07, 2021)
Sell candidate since 2021-11-30 Gain 1.71% PDF
The Regional Management Corp stock price gained 3.64% on the last trading day (Tuesday, 7th Dec 2021), rising from $55.51 to $57.53. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.19% from a day low at $55.60 to a day high of $57.93. The price has fallen in 6 of the last 10 days and is down by -8.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately $2.86 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Regional Management Corp stock with a 90% probability to be traded between $49.73 and $62.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 5.95%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Regional Management Corp stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $57.57. On a fall, the stock will find some support from the short-term average at $56.16. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
Regional Management Corp finds support from accumulated volume at $56.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.33 between high and low, or 4.19%. For the last week, the stock has had a daily average volatility of 4.38%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Regional Management Corp stock A Buy?
Regional Management Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.787
Predicted Opening Price for Regional Management Corp of Wednesday, December 8, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 8, 2021||Current price|
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On Sep 29, 2021 "JMP Securities" gave "" rating for RM. The price target was changed from $62.76 to 1.5%.
RM Insider Trading
|Dec 03, 2021||Sell||4 000||Campos Roel C||Stock Option (right to buy)|
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|Nov 23, 2021||Sell||1 890||Basswood Capital Management, L.l.c.||Common Stock|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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