Rent-A-Center Inc. Forecast and Stock Analysis
Technical RCII stock analysis for Wednesday May 22, 2019.
|Price to book||USD 4.41|
|Next Earnings Date||2019-07-23|
Rent-A-Center Inc. fell by -2.42% in the last day ( Wednesday, 22nd May 2019 ) from $24.01 to $23.43 During day the stock fluctuated 2.97% from a day low at $23.39 to a day high of $24.08. The price has fallen in 5 of the last 10 days and is down by -10.74% for this period. Volume has increased in the last day by 107 520 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 552 960 shares bought and sold for approximately $12.96 million.
- 30 day high of the RCII stock price was $26.75 and low was $22.40.
- 90 day high was $26.75 and low was $17.47.
- 52 week high for the Rent-A-Center Inc. - $26.75 and low - $9.26.
Rent-A-Center Inc. has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $23.44. A reaction back to this level may hold a second chance to get out before further falls.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Rent-A-Center Inc. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $24.10. On a fall, the stock will find some support from the long-term average at approximately $23.23. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $21.30 and $20.73.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rent-A-Center Inc. finds support just below today's level at $21.30. If this is broken, then the next support from accumulated volume will be at $20.73 and $19.69.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.69 (2.97%) between high and low. For the last week, the stock has had a daily average volatility of 2.42%.
Our recommended stoploss: $22.32 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 4 days ago.)
2.42 %Average volatility
Very Low Low Medium High Very High
Rent-A-Center Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|RCII $23.43 ($-0.58 -2.42%)|
RCII is down $0.58 today, but where's it headed in 2019?
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