RTL Group SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
RTL Group SA stock price down 0.84% on Monday
(Updated on May 13, 2024)
The RTL Group SA stock price fell by -0.84% on the last day (Monday, 13th May 2024) from 29.85€ to 29.60€. During the last trading day the stock fluctuated 1.52% from a day low at 29.55€ to a day high of 30.00€. The price has been going up and down for this period, and there has been a 1.37% gain for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 71 thousand shares were bought and sold for approximately 2.09€ 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 -15.31% during the next 3 months and, with a 90% probability hold a price between 23.66€ and 25.96€ 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.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.25%. Further rise is indicated until a new top pivot has been found. 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 29.64€ and 30.60€. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for RTL Group SA stock
RTL Group SA finds support from accumulated volume at 29.35€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.450€ between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RRTL.F) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect RTL Group SA to open at 29.72€, and during the day (based on 14 day Average True Range), to move between 28.95€ and 30.25€, which gives a possible trading interval of +/-0.653€ (+/-2.21%) up or down from last closing price. If RTL Group SA takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 29.35€ (0.84%) than the resistance at 30.80€ (4.05%), 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.
Current score: -2.907 Sell Candidate Unchanged
Predicted Opening Price for RTL Group SA of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| 29.72€ ( 0.394%) | 29.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RRTL.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.17 | 1.91 % | |
| R2 | 29.99 | 1.33 % | ||
| R1 | 29.89 | 0.97 % | ||
| Current price: | 29.60 | |||
| Support | S1 | 29.54 | -0.187 % | |
| S2 | 29.44 | -0.545 % | ||
| S3 | 29.27 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.25 | 5.57 % | |
| R2 | 30.84 | 4.19 % | ||
| R1 | 30.80 | 4.05 % | ||
| Current price | 29.60 | |||
| Support | S1 | 29.35 | -0.84% | |
| S2 | 29.20 | -1.35% | ||
| S3 | 28.95 | -2.20% |
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€ | 0% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 1.50€ | 0% |
| 4 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 5.00€ | 0% |
| 5 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 3.00€ | 0% |
FAQ
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