Redcentric Plc 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
Redcentric Plc stock price down 0.345% on Thursday
(Updated on Apr 25, 2024)
The Redcentric Plc stock price fell by -0.345% on the last day (Thursday, 25th Apr 2024) from £145.00 to £144.50. During the last trading day the stock fluctuated 1.40% from a day low at £142.50 to a day high of £144.50. The price has risen in 6 of the last 10 days and is up by 10.31% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -870 shares and in total, 54 thousand shares were bought and sold for approximately £7.81 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £145.04 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Redcentric Plc stock with a 90% probability to be traded between £127.36 and £147.50 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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RCN.L Signals & Forecast
The Redcentric Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £141.71 and £130.40. 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). 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 Wednesday, April 24, 2024, and so far it has fallen -0.345%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Redcentric Plc stock
Redcentric Plc finds support from accumulated volume at £142.00 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 £2.00 between high and low, or 1.40%. For the last week, the stock has had daily average volatility of 2.43%.
The Redcentric Plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: £139.43 (-3.51%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (RCN.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Redcentric Plc to open at £143.83, and during the day (based on 14 day Average True Range), to move between £140.36 and £148.64, which gives a possible trading interval of +/-£4.14 (+/-2.86%) up or down from last closing price. If Redcentric Plc takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £145.00 (0.35%) than the support at £142.00 (1.73%), 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 Redcentric Plc stock A Buy?
Redcentric Plc 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: 0.724 Hold/Accumulate Unchanged
Predicted Opening Price for Redcentric Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £143.83 ( 0.461%) | £144.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.83 | 0.92 % | |
| R2 | 145.07 | 0.394 % | ||
| R1 | 144.60 | 0.0674 % | ||
| Current price: | 144.50 | |||
| Support | S1 | 143.07 | -0.99 % | |
| S2 | 142.60 | -1.32 % | ||
| S3 | 141.83 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 145.00 | 0.346 % | ||
| Current price | 144.50 | |||
| Support | S1 | 142.00 | -1.73% | |
| S2 | 131.75 | -8.82% | ||
| S3 | 127.50 | -11.76% |
RCN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | £0 | 0% |
| 2 | Dec 08, 2022 | Dec 15, 2022 | Jan 27, 2023 | £1.20 | 0.88% |
| 3 | Jul 21, 2022 | Jul 28, 2022 | Sep 16, 2022 | £2.40 | 2.22% |
| 4 | Nov 18, 2021 | Nov 25, 2021 | Jan 06, 2022 | £1.20 | 0.98% |
| 5 | Nov 18, 2021 | Nov 24, 2021 | Jan 06, 2022 | £1.20 | 0.98% |
FAQ
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