Rolls-royce Holdings Plc Stock Forecast
Evaluation of Rolls-royce Holdings Plc stock downgraded after the last trading session.
(Updated on Jun 21, 2024)
The Rolls-royce Holdings Plc stock price fell by -3.14% on the last day (Friday, 21st Jun 2024) from 5.80€ to 5.62€. During the last trading day the stock fluctuated 4.07% from a day low at 5.56€ to a day high of 5.78€. The price has risen in 7 of the last 10 days and is up by 5.92% over the past 2 weeks. Volume has increased on the last day by 63 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, 250 thousand shares were bought and sold for approximately 1.40€ million.
The stock lies in the middle of a wide and 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 16.18% during the next 3 months and, with a 90% probability hold a price between 6.01€ and 6.75€ at the end of this 3-month period.
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RRU.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -3.14%. 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). Rolls-royce Holdings Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The Rolls-royce Holdings Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 5.56€ and 5.24€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Rolls-royce Holdings Plc stock
Rolls-royce Holdings Plc finds support from accumulated volume at 5.38€ 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 0.226€ between high and low, or 4.07%. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: 5.37€ (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (RRU.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Rolls-royce Holdings Plc to open at 5.65€, and during the day (based on 14 day Average True Range), to move between 5.47€ and 5.77€, which gives a possible trading interval of +/-0.148€ (+/-2.63%) 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 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.80€ (3.24%) than the support at 5.38€ (4.31%), 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 Rolls-royce Holdings Plc 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 Rolls-royce Holdings Plc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.535 Buy Candidate Downgraded
Predicted Opening Price for Rolls-royce Holdings Plc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 5.65€ ( 0.629%) | 5.62€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RRU.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.88 | 4.65% |
| R2 | 5.79 | 3.12% |
| R1 | 5.74 | 2.17% |
| Price | 5.62 | |
| S1 | 5.57 | -0.91% |
| S2 | 5.51 | -1.86% |
| S3 | 5.43 | -3.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 5.80 | 3.24% |
| Price | 5.62 | |
| S1 | 5.38 | -4.31% |
| S2 | 5.30 | -5.59% |
| S3 | 4.92 | -12.42% |
FAQ
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