0% commission for ETF tradesThe RMR Group Inc. Stock Forecast
AI Analysis of RMR
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Green day on Friday for The RMR Group Inc. stock after gaining 2.10%
(Updated on Sep 13, 2024)
The The RMR Group Inc. stock price gained 2.10% on the last trading day (Friday, 13th Sep 2024), rising from $24.78 to $25.30. During the last trading day the stock fluctuated 1.85% from a day low at $24.88 to a day high of $25.34. The price has risen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 51 thousand shares were bought and sold for approximately $1.29 million.
The stock lies in the middle of a 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 8.69% during the next 3 months and, with a 90% probability hold a price between $26.50 and $30.07 at the end of this 3-month period.
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RMR Signals & Forecast
The The RMR Group Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.69 and $24.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, August 12, 2024, and so far it has risen 7.39%. Further rise is indicated until a new top pivot has been found. The RMR Group Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The RMR Group Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $22.87 and $22.60. 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, The RMR Group Inc. finds support just below today's level at $22.87. If this is broken, then the next support from accumulated volume will be at $22.60 and $22.47.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.460 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: $24.21 (-4.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (RMR) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect The RMR Group Inc. to open at $25.17, and during the day (based on 14 day Average True Range), to move between $24.81 and $25.79, which gives a possible trading interval of +/-$0.487 (+/-1.92%) up or down from last closing price. If The RMR Group Inc. takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.71 (1.62%) than the support at $22.87 (9.60%), 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.
Is The RMR Group Inc. 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 The RMR Group Inc. stock to perform well in the short-term.
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Current score: 4.546 Buy Candidate Unchanged
Predicted Opening Price for The RMR Group Inc. of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $25.17 ( 0.501%) | $25.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RMR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.63 | 1.32% |
| R2 | 25.46 | 0.623% |
| R1 | 25.35 | 0.194% |
| Price | 25.30 | |
| S1 | 25.00 | -1.20% |
| S2 | 24.89 | -1.62% |
| S3 | 24.71 | -2.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.20 | 3.56% |
| R2 | 25.94 | 2.53% |
| R1 | 25.71 | 1.62% |
| Price | 25.30 | |
| S1 | 22.87 | -9.60% |
| S2 | 22.60 | -10.67% |
| S3 | 22.47 | -11.19% |
RMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2024 | Jul 22, 2024 | Aug 15, 2024 | $0.450 | 1.85% |
| 2 | Apr 11, 2024 | Apr 19, 2024 | May 16, 2024 | $0.450 | 1.85% |
| 3 | Jan 11, 2024 | Jan 19, 2024 | Feb 15, 2024 | $0.400 | 1.60% |
| 4 | Oct 12, 2023 | Oct 20, 2023 | Nov 16, 2023 | $0.400 | 1.70% |
| 5 | Jul 13, 2023 | Jul 21, 2023 | Aug 17, 2023 | $0.400 | 1.77% |
FAQ
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