Rollins Inc Stock Forecast
Green day on Tuesday for Rollins Inc
(Updated on Jul 02, 2024)
The Rollins Inc stock price gained 1.72% on the last trading day (Tuesday, 2nd Jul 2024), rising from $48.32 to $49.15. During the last trading day the stock fluctuated 2.09% from a day low at $48.18 to a day high of $49.19. The price has fallen in 6 of the last 10 days and is down by -0.2% for this period. Volume fell on the last day by -153 thousand shares and in total, 1 million shares were bought and sold for approximately $56.45 million. 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 strong 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 12.91% during the next 3 months and, with a 90% probability hold a price between $53.09 and $57.00 at the end of this 3-month period.
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ROL Signals & Forecast
The Rollins Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $49.26. On a fall, the stock will find some support from the long-term average at approximately $47.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.54%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Rollins Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $44.27 and $42.87. 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, Rollins Inc finds support just below today's level at $44.27. If this is broken, then the next support from accumulated volume will be at $42.87 and $42.46.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.01 (2.09%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $47.11 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (ROL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Rollins Inc to open at $48.84, and during the day (based on 14 day Average True Range), to move between $48.34 and $49.96, which gives a possible trading interval of +/-$0.81 (+/-1.65%) up or down from last closing price. If Rollins Inc takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.35 (0.41%) than the support at $44.27 (9.93%), 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 Rollins 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 Rollins Inc stock to perform well in the short-term.
Current score: 3.839 Buy Candidate Unchanged
Predicted Opening Price for Rollins Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$48.84 ( 0.628%) | $49.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.85 | 1.42% |
R2 | 49.46 | 0.637% |
R1 | 49.23 | 0.154% |
Price | 49.15 | |
S1 | 48.46 | -1.41% |
S2 | 48.22 | -1.89% |
S3 | 47.83 | -2.68% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.92 | 1.57% |
R2 | 49.75 | 1.22% |
R1 | 49.35 | 0.407% |
Price | 49.15 | |
S1 | 44.27 | -9.93% |
S2 | 42.87 | -12.78% |
S3 | 42.46 | -13.61% |
ROL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 23, 2024 | May 09, 2024 | Jun 10, 2024 | $0.150 | 0.321% |
2 | Jan 22, 2024 | Feb 21, 2024 | Mar 11, 2024 | $0.150 | 0.328% |
3 | Jan 22, 2024 | Feb 20, 2024 | Mar 11, 2024 | $0.150 | 0.328% |
4 | Oct 24, 2023 | Nov 09, 2023 | Dec 11, 2023 | $0.150 | 0.360% |
5 | Jul 25, 2023 | Aug 09, 2023 | Sep 08, 2023 | $0.130 | 0.360% |
FAQ
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