Rs Group Plc Stock Forecast
Rs Group Plc stock downgraded to Sell Candidate
(Updated on Jun 19, 2024)
The Rs Group Plc stock price fell by -3.56% on the last day (Wednesday, 19th Jun 2024) from £731.00 to £705.00. During the last trading day the stock fluctuated 0% from a day low at £705.00 to a day high of £705.00. The price has risen in 6 of the last 10 days and is up by 1.08% 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 -2 million shares and in total, 0 shares were bought and sold for approximately £0 .
The stock lies in the middle of a wide and weak 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 2.26% during the next 3 months and, with a 90% probability hold a price between £686.75 and £856.98 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RS1.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rs Group Plc 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 £712.07 and £754.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.56%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Rs Group Plc stock
Rs Group Plc finds support from accumulated volume at £703.50 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.09%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RS1.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Rs Group Plc to open at £705.00, and during the day (based on 14 day Average True Range), to move between £682.56 and £727.44, which gives a possible trading interval of +/-£22.44 (+/-3.18%) up or down from last closing price. If Rs Group Plc takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £703.50 (0.21%) than the resistance at £726.50 (3.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rs Group Plc stock A Buy?
The Rs Group Plc stock holds several negative signals and despite the positive trend, we believe Rs Group 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 Hold/Accumulate to a Sell candidate.
Current score: -3.975 Sell Candidate Downgraded
Predicted Opening Price for Rs Group Plc of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£705.00 ( 0%) | £705.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RS1.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 705.00 | - |
R2 | 705.00 | - |
R1 | 705.00 | - |
Price | 705.00 | |
S1 | 705.00 | - |
S2 | 705.00 | - |
S3 | 705.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 813.00 | 15.32% |
R2 | 760.00 | 7.80% |
R1 | 726.50 | 3.05% |
Price | 705.00 | |
S1 | 703.50 | -0.213% |
S2 | 701.50 | -0.496% |
S3 | 697.50 | -1.06% |
RS1 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jul 19, 2024 | £13.70 | 1.90% |
2 | Nov 23, 2023 | Nov 23, 2023 | Jan 05, 2024 | £8.30 | 1.04% |
3 | Jun 15, 2023 | Jun 15, 2023 | Jul 21, 2023 | £13.70 | 1.79% |
4 | Nov 03, 2022 | Nov 24, 2022 | Jan 06, 2023 | £7.20 | 0.771% |
5 | May 24, 2022 | Jun 16, 2022 | Jul 22, 2022 | £11.60 | 1.14% |
FAQ
Click here for our free guide on how to buy Rs Group Plc Stock.