T. Rowe Price Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
T. Rowe Price Group stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The T. Rowe Price Group stock price gained 0.780% on the last trading day (Thursday, 2nd May 2024), rising from $110.30 to $111.16. During the last trading day the stock fluctuated 1.25% from a day low at $110.13 to a day high of $111.51. The price has risen in 6 of the last 10 days and is up by 2.24% over the past 2 weeks. Volume fell on the last day by -262 thousand shares and in total, 2 million shares were bought and sold for approximately $183.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $109.40 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 3.48% during the next 3 months and, with a 90% probability hold a price between $113.21 and $127.85 at the end of this 3-month period.
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TROW Signals & Forecast
There are mixed signals in the stock today. The T. Rowe Price Group 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 $115.10. On a fall, the stock will find some support from the short-term average at $111.00. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.24%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, February 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 2023.
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 Thursday, February 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 2023.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 Thursday, February 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 2023.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 T. Rowe Price Group stock
T. Rowe Price Group finds support from accumulated volume at $108.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.38 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: $105.37 (-5.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (TROW) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect T. Rowe Price Group to open at $110.93, and during the day (based on 14 day Average True Range), to move between $108.35 and $113.97, which gives a possible trading interval of +/-$2.81 (+/-2.53%) up or down from last closing price. If T. Rowe Price Group takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $108.83 (2.10%) than the resistance at $114.02 (2.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is T. Rowe Price Group stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for T. Rowe Price Group stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.052 Buy Candidate Upgraded
Predicted Opening Price for T. Rowe Price Group of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $110.93 ( 0.204%) | $111.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TROW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.31 | 1.04 % | |
| R2 | 111.79 | 0.563 % | ||
| R1 | 111.46 | 0.270 % | ||
| Current price: | 111.16 | |||
| Support | S1 | 110.41 | -0.678 % | |
| S2 | 110.08 | -0.97 % | ||
| S3 | 109.55 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.26 | 4.59 % | |
| R2 | 114.86 | 3.33 % | ||
| R1 | 114.02 | 2.57 % | ||
| Current price | 111.16 | |||
| Support | S1 | 108.83 | -2.10% | |
| S2 | 108.72 | -2.20% | ||
| S3 | 106.33 | -4.35% |
TROW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.24 | 1.02% |
| 2 | Oct 31, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.22 | 1.13% |
| 3 | Jul 31, 2023 | Sep 14, 2023 | Sep 28, 2023 | $1.22 | 1.17% |
| 4 | May 09, 2023 | Jun 14, 2023 | Jun 29, 2023 | $1.22 | 1.10% |
| 5 | Feb 07, 2023 | Mar 14, 2023 | Mar 30, 2023 | $1.22 | 1.11% |
FAQ
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