Rightmove Plc Stock Forecast
Rightmove Plc stock price ended at $13.68 on Friday, after losing 1.65%.
(Updated on Jun 28, 2024)
The Rightmove Plc stock price fell by -1.65% on the last day (Friday, 28th Jun 2024) from $13.91 to $13.68. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.83% from a day low at $13.68 to a day high of $13.93. The price has fallen in 7 of the last 10 days and is down by -4.2% for this period. Volume has increased on the last day by 1 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, 4 thousand shares were bought and sold for approximately $47.88 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.57 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.09% during the next 3 months and, with a 90% probability hold a price between $14.67 and $16.06 at the end of this 3-month period.
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RTMVY Signals & Forecast
There are few to no technical positive signals at the moment. The Rightmove Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $14.16 and $14.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -6.68%. 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). Rightmove 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Rightmove Plc stock
Rightmove Plc finds support from accumulated volume at $13.61 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 $0.250 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RTMVY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Rightmove Plc to open at $13.76, and during the day (based on 14 day Average True Range), to move between $13.39 and $13.97, which gives a possible trading interval of +/-$0.286 (+/-2.09%) up or down from last closing price. If Rightmove Plc takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.61 (0.51%) than the resistance at $13.87 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rightmove Plc stock A Buy?
The Rightmove Plc stock holds several negative signals and despite the positive trend, we believe Rightmove Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.954 Sell Candidate Unchanged
Predicted Opening Price for Rightmove Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $13.76 ( 0.609%) | $13.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RTMVY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.01 | 2.44% |
| R2 | 13.92 | 1.74% |
| R1 | 13.86 | 1.31% |
| Price | 13.68 | |
| S1 | 13.67 | -0.0889% |
| S2 | 13.61 | -0.520% |
| S3 | 13.51 | -1.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.58 | 6.58% |
| R2 | 13.93 | 1.83% |
| R1 | 13.87 | 1.39% |
| Price | 13.68 | |
| S1 | 13.61 | -0.512% |
| S2 | 12.86 | -6.03% |
| S3 | 12.84 | -6.15% |
RTMVY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Jun 10, 2024 | $0.127 | 0.89% |
| 2 | Aug 29, 2023 | Sep 28, 2023 | Nov 13, 2023 | $0.0920 | 0.770% |
| 3 | Jul 26, 2023 | Apr 27, 2023 | Jun 12, 2023 | $0.123 | 0.95% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Nov 14, 2022 | $0.0810 | 0.623% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | $0.125 | 0.81% |
FAQ
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