RTL Group SA Stock Forecast
RTL Group SA stock upgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The RTL Group SA stock price gained 0.86% on the last trading day (Friday, 26th Apr 2024), rising from 28.95€ to 29.20€. During the last trading day the stock fluctuated 2.23% from a day low at 29.10€ to a day high of 29.75€. The price has risen in 5 of the last 10 days but is still down by -5.65% for this period. Volume fell on the last day by -254 thousand shares and in total, 113 thousand shares were bought and sold for approximately 3.31€ 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 lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 28.85€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.99% during the next 3 months and, with a 90% probability hold a price between 24.24€ and 26.51€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RRTL.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.86%. Further rise is indicated until a new top pivot has been found. 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. The RTL Group SA 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 30.69€ and 31.32€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for RTL Group SA stock
RTL Group SA finds support from accumulated volume at 28.95€ 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 0.650€ between high and low, or 2.23%. For the last week the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RRTL.DE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect RTL Group SA to open at 29.35€, and during the day (based on 14 day Average True Range), to move between 28.35€ and 30.05€, which gives a possible trading interval of +/-0.85€ (+/-2.91%) up or down from last closing price. If RTL Group SA takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 28.95€ (0.86%) than the resistance at 30.80€ (5.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RTL Group SA stock A Buy?
RTL Group SA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.148 Sell Candidate Upgraded
Predicted Opening Price for RTL Group SA of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 29.35€ ( 0.514%) | 29.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RRTL.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.00 | 2.74 % | |
| R2 | 29.75 | 1.89 % | ||
| R1 | 29.60 | 1.36 % | ||
| Current price: | 29.20 | |||
| Support | S1 | 29.10 | -0.337 % | |
| S2 | 28.95 | -0.86 % | ||
| S3 | 28.70 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.25 | 7.02 % | |
| R2 | 30.84 | 5.62 % | ||
| R1 | 30.80 | 5.48 % | ||
| Current price | 29.20 | |||
| Support | S1 | 28.95 | -0.86% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
RRTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 25, 2024 | 0€ | 0% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | 0.500€ | 1.13% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 1.50€ | 3.33% |
| 4 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 5.00€ | 10.05% |
| 5 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 3.00€ | 6.33% |
FAQ
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