The Reject Shop Limited Stock Forecast
The Reject Shop Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on May 20, 2024)
No changes to the price of The Reject Shop Limited stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 1.60% from a day low at $3.74 to a day high of $3.80. The price has fallen in 6 of the last 10 days and is down by -8.47% for this period.
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 $3.76 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.10% during the next 3 months and, with a 90% probability hold a price between $3.08 and $3.61 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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TRS.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 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. The The Reject Shop 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 $4.24. A break-up above any of these levels will issue buy signals. 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".
Support, Risk & Stop-loss for The Reject Shop 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0600 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRS.AX) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect The Reject Shop Limited to open at $3.77, and during the day (based on 14 day Average True Range), to move between $3.67 and $3.89, which gives a possible trading interval of +/-$0.115 (+/-3.04%) up or down from last closing price. If The Reject Shop Limited takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.46, some $0.680 (17.99%) from the current price of $3.78, our system finds the risk reward not very attractive.
Is The Reject Shop Limited stock A Buy?
The Reject Shop 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.392 Sell Candidate Upgraded
Predicted Opening Price for The Reject Shop Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $3.77 ( 0.176%) | $3.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRS.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.83 | 1.41 % | |
| R2 | 3.81 | 0.80 % | ||
| R1 | 3.80 | 0.430 % | ||
| Current price: | 3.78 | |||
| Support | S1 | 3.75 | -0.783 % | |
| S2 | 3.74 | -1.16 % | ||
| S3 | 3.71 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.55 | 20.37 % | |
| R2 | 4.54 | 20.11 % | ||
| R1 | 4.46 | 17.99 % | ||
| Current price | 3.78 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 03, 2024 | $0.100 | 2.36% |
| 2 | Feb 20, 2019 | Mar 15, 2019 | Apr 08, 2019 | $0.0971 | 4.06% |
| 3 | Aug 22, 2018 | Sep 27, 2018 | Oct 15, 2018 | $0.107 | 2.49% |
| 4 | Feb 21, 2018 | Mar 16, 2018 | Apr 09, 2018 | $0.233 | 2.97% |
| 5 | Feb 22, 2017 | Mar 17, 2017 | Apr 10, 2017 | $0.233 | 5.77% |
FAQ
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