Regtech Open Project Plc Stock Forecast
Regtech Open Project Plc stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
No changes to the price of Regtech Open Project Plc stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £4.14 to a day high of £4.14. The price has been going up and down for this period, and there has been a -8.06% loss for the last 2 weeks.
The stock lies in the middle of a very 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 18.89% during the next 3 months and, with a 90% probability hold a price between £1.80 and £8.50 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.
RTOP.L Signals & Forecast
The Regtech Open Project 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 £4.13 and £2.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, April 10, 2024 with a target of £3.25. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Regtech Open Project Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £3.75 and £3.59. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Regtech Open Project Plc finds support just below today's level at £3.75. If this is broken, then the next support from accumulated volume will be at £3.59 and £3.50.
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 11.23%
Our recommended stop-loss: £3.89 (-5.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (RTOP.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Regtech Open Project Plc to open at £4.14, and during the day (based on 14 day Average True Range), to move between £3.23 and £5.05, which gives a possible trading interval of +/-£0.91 (+/-21.95%) up or down from last closing price. If Regtech Open Project Plc takes out the full calculated possible swing range there will be an estimated 43.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £4.50 (8.76%) than the support at £3.75 (9.37%), 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 Regtech Open Project Plc stock A Buy?
Regtech Open Project Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Regtech Open Project Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £4.14 ( 0%) | £4.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RTOP.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.14 | - |
| R2 | 4.14 | - |
| R1 | 4.14 | - |
| Price | 4.14 | |
| S1 | 4.14 | - |
| S2 | 4.14 | - |
| S3 | 4.14 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 5.00 | 20.85% |
| R1 | 4.50 | 8.76% |
| Price | 4.14 | |
| S1 | 3.75 | -9.37% |
| S2 | 3.59 | -13.23% |
| S3 | 3.50 | -15.41% |
FAQ
Click here for our free guide on how to buy Regtech Open Project Plc Stock.
