Regal Rexnord Corporation Stock Forecast

Weaker technical forecast for Regal Rexnord Corporation as stock downgraded to Sell Candidate.
(Updated on May 20, 2024)

RRX Signals & Forecast

There are mixed signals in the stock today. The Regal Rexnord Corporation 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 $161.84 and $164.26. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Regal Rexnord Corporation stock

Regal Rexnord Corporation finds support from accumulated volume at $159.71 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 $2.73 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 2.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RRX) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Regal Rexnord Corporation to open at $160.36, and during the day (based on 14 day Average True Range), to move between $155.41 and $164.93, which gives a possible trading interval of +/-$4.76 (+/-2.97%) up or down from last closing price. If Regal Rexnord Corporation takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $159.71 (0.29%) than the resistance at $163.73 (2.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Regal Rexnord Corporation stock A Buy?

Regal Rexnord Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Hold/Accumulate to a Sell candidate.

Current score: -2.252 Sell Candidate Downgraded

Predicted Opening Price for Regal Rexnord Corporation of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.