Regional Management Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Regional Management Corp stock price up 1.78% on Tuesday
(Updated on Apr 23, 2024)
The Regional Management Corp stock price gained 1.78% on the last trading day (Tuesday, 23rd Apr 2024), rising from $25.78 to $26.24. It has now gained 5 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 last trading day the stock fluctuated 3.66% from a day low at $25.70 to a day high of $26.64. The price has risen in 6 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -537 shares and in total, 12 thousand shares were bought and sold for approximately $317.69 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.09% during the next 3 months and, with a 90% probability hold a price between $22.55 and $29.02 at the end of this 3-month period.
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RM Signals & Forecast
The Regional Management Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.20 and $24.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 26.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Regional Management Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $24.86 and $23.97. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Regional Management Corp finds support just below today's level at $24.86. If this is broken, then the next support from accumulated volume will be at $23.97 and $23.05.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.94 between high and low, or 3.66%. For the last week the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: $25.44 (-3.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (RM) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Regional Management Corp to open at $26.19, and during the day (based on 14 day Average True Range), to move between $25.39 and $27.09, which gives a possible trading interval of +/-$0.85 (+/-3.26%) up or down from last closing price. If Regional Management Corp takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.30 (0.23%) than the support at $24.86 (5.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Regional Management Corp will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.87. We will update the financials statements for Regional Management Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.06% in the first trading day after earnings release.
Is Regional Management Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Regional Management Corp stock to perform well in the short-term.
Current score: 3.256 Buy Candidate Unchanged
Predicted Opening Price for Regional Management Corp of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $26.19 ( 0.178%) | $26.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.13 | 3.40 % | |
| R2 | 26.77 | 2.04 % | ||
| R1 | 26.55 | 1.19 % | ||
| Current price: | 26.24 | |||
| Support | S1 | 25.83 | -1.55 % | |
| S2 | 25.61 | -2.39 % | ||
| S3 | 25.25 | -3.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.80 | 2.13 % | |
| R2 | 26.50 | 0.99 % | ||
| R1 | 26.30 | 0.229 % | ||
| Current price | 26.24 | |||
| Support | S1 | 24.86 | -5.26% | |
| S2 | 23.97 | -8.65% | ||
| S3 | 23.05 | -12.16% |
RM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Mar 13, 2024 | $0.300 | 1.26% |
| 2 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | $0 | 0% |
| 3 | Aug 02, 2023 | Aug 22, 2023 | Sep 14, 2023 | $0.300 | 1.08% |
| 4 | May 03, 2023 | May 23, 2023 | Jun 14, 2023 | $0.300 | 0.98% |
| 5 | Feb 08, 2023 | Feb 21, 2023 | Mar 15, 2023 | $0.300 | 1.14% |
FAQ
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