7.125% Fixed-rate Reset Subordinated Stock Forecast
Green day on Thursday for 7.125% Fixed-rate Reset Subordinated stock after gaining 0.0381%
(Updated on Jun 20, 2024)
The 7.125% Fixed-rate Reset Subordinated stock price gained 0.0381% on the last trading day (Thursday, 20th Jun 2024), rising from $26.23 to $26.24. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.690% from a day low at $26.09 to a day high of $26.27. The price has risen in 5 of the last 10 days but is still down by -0.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $938.87 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect 7.125% Fixed-rate Reset Subordinated stock with a 90% probability to be traded between $25.90 and $26.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RZC Signals & Forecast
The 7.125% Fixed-rate Reset Subordinated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $26.14 and $26.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 7.125% Fixed-rate Reset Subordinated has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -0.380%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 17, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 17, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 17, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for 7.125% Fixed-rate Reset Subordinated stock
7.125% Fixed-rate Reset Subordinated finds support from accumulated volume at $26.19 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 $0.180 between high and low, or 0.690%. For the last week the stock has had daily average volatility of 0.669%.
Our recommended stop-loss: $25.26 (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (RZC) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect 7.125% Fixed-rate Reset Subordinated Debentures Due 2052 to open at $26.20, and during the day (based on 14 day Average True Range), to move between $26.07 and $26.41, which gives a possible trading interval of +/-$0.172 (+/-0.66%) up or down from last closing price. If 7.125% Fixed-rate Reset Subordinated Debentures Due 2052 takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.19 (0.19%) than the resistance at $26.32 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 7.125% Fixed-rate Reset Subordinated Debentures Due 2052 stock A Buy?
7.125% Fixed-rate Reset Subordinated 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.
Current score: -0.965 Hold/Accumulate Unchanged
Predicted Opening Price for 7.125% Fixed-rate Reset Subordinated Debentures Due 2052 of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$26.20 ( 0.152%) | $26.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RZC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.38 | 0.534% |
R2 | 26.31 | 0.271% |
R1 | 26.27 | 0.110% |
Price | 26.24 | |
S1 | 26.13 | -0.414% |
S2 | 26.09 | -0.576% |
S3 | 26.02 | -0.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.43 | 0.724% |
R2 | 26.42 | 0.686% |
R1 | 26.32 | 0.305% |
Price | 26.24 | |
S1 | 26.19 | -0.191% |
S2 | 26.04 | -0.762% |
S3 | 25.89 | -1.33% |
RZC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 01, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.445 | 1.70% |
2 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.445 | 1.70% |
3 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.445 | 1.70% |
4 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.445 | 1.74% |
5 | Aug 29, 2023 | Aug 29, 2023 | Oct 16, 2023 | $0.445 | 1.74% |
FAQ
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