Ryman Healthcare Limited Stock Forecast
Red day on Friday for Ryman Healthcare Limited stock after losing 2.65%
(Updated on May 10, 2024)
The Ryman Healthcare Limited stock price fell by -2.65% on the last day (Friday, 10th May 2024) from $3.77 to $3.67. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.29% from a day low at $3.65 to a day high of $3.77. The price has fallen in 8 of the last 10 days and is down by -11.57% for this period. 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 -741 thousand shares and in total, 938 thousand shares were bought and sold for approximately $3.44 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.34% during the next 3 months and, with a 90% probability hold a price between $2.85 and $3.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RYM.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The Ryman Healthcare Limited 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 $3.86 and $4.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -19.69%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ryman Healthcare Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.120 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 2.65%.
Ryman Healthcare Limited is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RYM.NZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Ryman Healthcare Limited to open at $3.70, and during the day (based on 14 day Average True Range), to move between $3.56 and $3.78, which gives a possible trading interval of +/-$0.107 (+/-2.91%) up or down from last closing price. If Ryman Healthcare Limited takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.48, some $0.81 (22.07%) from the current price of $3.67, our system finds the risk reward not very attractive.
Earnings coming up
Ryman Healthcare Limited will release earnings BMO on Friday, May 17, 2024. We will update the financials statements for Ryman Healthcare Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.83% in the first trading day after earnings release.
Is Ryman Healthcare Limited stock A Buy?
Ryman Healthcare Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.817 Strong Sell Candidate Unchanged
Predicted Opening Price for Ryman Healthcare Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $3.70 ( 0.727%) | $3.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RYM.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.82 | 4.00 % | |
| R2 | 3.77 | 2.75 % | ||
| R1 | 3.74 | 1.98 % | ||
| Current price: | 3.67 | |||
| Support | S1 | 3.65 | -0.522 % | |
| S2 | 3.62 | -1.29 % | ||
| S3 | 3.58 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.58 | 24.80 % | |
| R2 | 4.55 | 23.98 % | ||
| R1 | 4.48 | 22.07 % | ||
| Current price | 3.67 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
RYM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 08, 2022 | Dec 08, 2022 | Dec 08, 2022 | $0.0829 | 1.26% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | $0.128 | 1.35% |
| 3 | Dec 09, 2021 | Dec 09, 2021 | Dec 09, 2021 | $0.0829 | 0.687% |
| 4 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | $0.128 | 0.99% |
| 5 | Dec 10, 2020 | Dec 10, 2020 | Dec 10, 2020 | $0.0829 | 0.557% |
FAQ
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