The RMR Group Inc. Stock Forecast
Green day on Tuesday for The RMR Group Inc. stock after gaining 0.80%
(Updated on Jul 02, 2024)
The The RMR Group Inc. stock price gained 0.80% on the last trading day (Tuesday, 2nd Jul 2024), rising from $22.48 to $22.66. During the last trading day the stock fluctuated 1.29% from a day low at $22.41 to a day high of $22.70. The price has fallen in 5 of the last 10 days and is down by -0.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately $1.46 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.48% during the next 3 months and, with a 90% probability hold a price between $21.11 and $23.08 at the end of this 3-month period.
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RMR Signals & Forecast
There are mixed signals in the stock today. The The RMR Group Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.71 and $23.21. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.85%. 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). 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.
Support, Risk & Stop-loss for The RMR Group Inc. stock
The RMR Group Inc. finds support from accumulated volume at $22.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.290 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RMR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The RMR Group Inc. to open at $22.59, and during the day (based on 14 day Average True Range), to move between $22.22 and $23.10, which gives a possible trading interval of +/-$0.439 (+/-1.94%) 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 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.60 (0.26%) than the resistance at $22.87 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The RMR Group Inc. stock A Buy?
The RMR Group Inc. 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: -1.109 Sell Candidate Unchanged
Predicted Opening Price for The RMR Group Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $22.59 ( 0.309%) | $22.66 |
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 | 22.88 | 0.97% |
| R2 | 22.77 | 0.482% |
| R1 | 22.70 | 0.180% |
| Price | 22.66 | |
| S1 | 22.48 | -0.798% |
| S2 | 22.41 | -1.10% |
| S3 | 22.30 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.53 | 3.84% |
| R2 | 23.08 | 1.85% |
| R1 | 22.87 | 0.93% |
| Price | 22.66 | |
| S1 | 22.60 | -0.265% |
| S2 | 22.57 | -0.397% |
| S3 | 22.47 | -0.84% |
RMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 19, 2024 | May 16, 2024 | $0.450 | 1.85% |
| 2 | Jan 11, 2024 | Jan 19, 2024 | Feb 15, 2024 | $0.400 | 1.60% |
| 3 | Oct 12, 2023 | Oct 20, 2023 | Nov 16, 2023 | $0.400 | 1.70% |
| 4 | Jul 13, 2023 | Jul 21, 2023 | Aug 17, 2023 | $0.400 | 1.77% |
| 5 | Apr 13, 2023 | Apr 21, 2023 | May 18, 2023 | $0.400 | 1.80% |
FAQ
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