Rolls-Royce Holdings plc Stock Forecast
Rolls-Royce Holdings plc stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Rolls-Royce Holdings plc stock price fell by -1.36% on the last day (Wednesday, 1st May 2024) from £413.10 to £407.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.53% from a day low at £407.50 to a day high of £417.80. The price has fallen in 6 of the last 10 days but is still up by 1.52% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 million shares and in total, 18 million shares were bought and sold for approximately £7.52 billion.
Given the current short-term trend, the stock is expected to rise 33.53% during the next 3 months and, with a 90% probability hold a price between £544.13 and £616.09 at the end of this 3-month period.
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RR.L Signals & Forecast
There are few to no technical positive signals at the moment. The Rolls-Royce Holdings plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £413.77 and £410.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.03%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Rolls-Royce Holdings plc stock
Rolls-Royce Holdings plc finds support from accumulated volume at £406.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £10.30 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RR.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Rolls-Royce Holdings plc to open at £410.93, and during the day (based on 14 day Average True Range), to move between £395.25 and £419.75, which gives a possible trading interval of +/-£12.25 (+/-3.01%) up or down from last closing price. If Rolls-Royce Holdings plc takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £406.70 (0.20%) than the resistance at £417.00 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rolls-Royce Holdings plc stock A Buy?
The Rolls-Royce Holdings plc stock holds several negative signals and despite the positive trend, we believe Rolls-Royce Holdings plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.125 Sell Candidate Downgraded
Predicted Opening Price for Rolls-Royce Holdings plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £410.93 ( 0.84%) | £407.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 421.23 | 3.37 % | |
| R2 | 417.30 | 2.40 % | ||
| R1 | 414.87 | 1.81 % | ||
| Current price: | 407.50 | |||
| Support | S1 | 407.00 | -0.123 % | |
| S2 | 404.57 | -0.720 % | ||
| S3 | 400.63 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 424.00 | 4.05 % | |
| R2 | 421.10 | 3.34 % | ||
| R1 | 417.00 | 2.33 % | ||
| Current price | 407.50 | |||
| Support | S1 | 406.70 | -0.196% | |
| S2 | 329.50 | -19.14% | ||
| S3 | 310.20 | -23.88% |
RR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2020 | Apr 23, 2020 | Jul 01, 2020 | £7.10 | 7.24% |
| 2 | Aug 06, 2019 | Oct 24, 2019 | Jan 06, 2020 | £1.58 | 0.679% |
| 3 | Feb 28, 2019 | Apr 25, 2019 | Jul 01, 2019 | £2.44 | 0.83% |
| 4 | Aug 02, 2018 | Oct 25, 2018 | Jan 03, 2019 | £1.58 | 0.584% |
| 5 | Mar 07, 2018 | Apr 26, 2018 | Jul 02, 2018 | £2.44 | 0.728% |
FAQ
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