Rayonier Inc Stock Forecast
Rayonier Inc stock price down 0.509% on Thursday
(Updated on Mar 28, 2024)
The Rayonier Inc stock price fell by -0.509% on the last day (Thursday, 28th Mar 2024) from $33.41 to $33.24. During the last trading day the stock fluctuated 1.78% from a day low at $33.09 to a day high of $33.68. The price has been going up and down for this period, and there has been a -0.33% loss for the last 2 weeks. Volume has increased on the last day by 51 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, 699 thousand shares were bought and sold for approximately $23.25 million.
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 6.66% during the next 3 months and, with a 90% probability hold a price between $33.88 and $38.25 at the end of this 3-month period.
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RYN Signals & Forecast
There are few to no technical positive signals at the moment. The Rayonier Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $33.65. On a fall, the stock will find some support from the short-term average at $33.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -5.57%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Rayonier Inc stock
Rayonier Inc finds support from accumulated volume at $32.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.590 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 1.38%.
Rayonier Inc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RYN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Rayonier Inc to open at $33.34, and during the day (based on 14 day Average True Range), to move between $32.66 and $33.82, which gives a possible trading interval of +/-$0.575 (+/-1.73%) up or down from last closing price. If Rayonier Inc takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.41 (0.51%) than the support at $32.89 (1.05%), 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 Rayonier Inc stock A Buy?
The Rayonier Inc stock holds several negative signals and despite the positive trend, we believe Rayonier Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.523 Sell Candidate Unchanged
Predicted Opening Price for Rayonier Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$33.34 ( 0.291%) | $33.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RYN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.93 | 2.07 % | |
R2 | 33.70 | 1.39 % | ||
R1 | 33.56 | 0.97 % | ||
Current price: | 33.24 | |||
Support | S1 | 33.11 | -0.387 % | |
S2 | 32.97 | -0.81 % | ||
S3 | 32.75 | -1.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.84 | 4.81 % | |
R2 | 33.51 | 0.81 % | ||
R1 | 33.41 | 0.511 % | ||
Current price | 33.24 | |||
Support | S1 | 32.89 | -1.05% | |
S2 | 32.53 | -2.14% | ||
S3 | 30.94 | -6.92% |
RYN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.290 | 0.87% |
2 | Dec 18, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.200 | 0.624% |
3 | Oct 20, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.290 | 0.87% |
4 | Jul 21, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.285 | 1.00% |
5 | May 19, 2023 | Jun 15, 2023 | Sep 29, 2023 | $0.285 | 1.00% |
FAQ
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