RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RCN.L
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Red day on Wednesday for Redcentric Plc
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Loss -0.40% PDF

The Redcentric Plc stock price fell by -0.400% on the last day (Wednesday, 27th Mar 2024) from £125.00 to £124.50. During the last trading day the stock fluctuated 1.13% from a day low at £124.00 to a day high of £125.40. The price has fallen in 6 of the last 10 days and is down by -4.23% for this period. 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 -81 thousand shares and in total, 46 thousand shares were bought and sold for approximately £5.74 million.

The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £126.21 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

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RCN.L Signals & Forecast

There are few to no technical positive signals at the moment. The Redcentric Plc 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 £125.93 and £129.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -5.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £1.40 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RCN.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Redcentric Plc to open at £124.63, and during the day (based on 14 day Average True Range), to move between £120.73 and £128.27, which gives a possible trading interval of +/-£3.77 (+/-3.02%) up or down from last closing price. If Redcentric Plc takes out the full calculated possible swing range there will be an estimated 6.05% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £127.00, some £2.50 (2.01%) from the current price of £124.50, our system finds the risk reward not very attractive.

Is Redcentric Plc stock A Buy?

Redcentric Plc holds several negative signals and is within a 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.

Current score: -1.816 Sell Candidate Unchanged

Predicted Opening Price for Redcentric Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£124.63 ( 0.107%) £124.50

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 126.03 1.23 %
R2 125.50 0.80 %
R1 125.17 0.537 %
Current price: 124.50
Support S1 124.10 -0.322 %
S2 123.77 -0.588 %
S3 123.23 -1.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 131.75 5.82 %
R2 127.50 2.41 %
R1 127.00 2.01 %
Current price 124.50
Support S1 0 .
S2 0 .
S3 0 .

RCN Dividend Payout History


# Declaration Date 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

What is the symbol for Redcentric Plc Stock and on which exchange is it traded?
The symbol for Redcentric Plc is RCN.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Redcentric Plc Stock?
Redcentric Plc holds several negative signals and is within a 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.

How to buy Redcentric Plc Stock?
Redcentric Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Redcentric Plc Stock.

What's the current price of Redcentric Plc Stock?
As of the end of day on the 2024-03-27, the price of an Redcentric Plc (RCN.L) share was £124.50.

What is the 52-week high and low for Redcentric Plc Stock?
The 52-week high for Redcentric Plc Stock is £136.00 and the 52-week low is £100.00.

What is the market capitalization of Redcentric Plc Stock?
As of the 2024-03-27, the market capitalization of Redcentric Plc is 200.449M.

When is the next earnings date for Redcentric Plc?
The upcoming earnings date for Redcentric Plc is Aug 19, 2024.
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About Redcentric Plc

Redcentric Plc Redcentric plc provides IT managed services in the United Kingdom. It offers network services, including connectivity, software-defined wide area network, local area network, managed wide area network, secure remote access, and cloud managed wireless network services; and cloud services consisting of infrastructure as a service, hybrid cloud, colocation hosting, cloud migration, platform as a service, online data backup and recovery, managed host... RCN.L Profile

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