RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RDW.L
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Green day on Wednesday for Redrow plc stock after gaining 0.678%
(Updated on Mar 27, 2024)

Buy candidate since Mar 26, 2024 Gain 0.68% PDF

The Redrow plc stock price gained 0.678% on the last trading day (Wednesday, 27th Mar 2024), rising from £664.00 to £668.50. During the last trading day the stock fluctuated 2.82% from a day low at £652.09 to a day high of £670.50. The price has been going up and down for this period, and there has been a 0.75% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 961 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately £1.93 billion.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.75% during the next 3 months and, with a 90% probability hold a price between £733.04 and £839.59 at the end of this 3-month period.

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RDW.L Signals & Forecast

The Redrow plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £659.64 and £661.39. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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, February 07, 2024, and so far it has fallen -2.90%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Redrow plc stock

Redrow plc finds support from accumulated volume at £664.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £18.41 between high and low, or 2.82%. For the last week the stock has had daily average volatility of 2.70%.

Our recommended stop-loss: £636.87 (-4.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Redrow plc to open at £663.70, and during the day (based on 14 day Average True Range), to move between £649.27 and £687.73, which gives a possible trading interval of +/-£19.23 (+/-2.88%) up or down from last closing price. If Redrow plc takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £671.00 (0.37%) than the support at £664.50 (0.60%), 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 Redrow plc 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 Redrow plc stock to perform well in the short-term.

Current score: 1.868 Buy Candidate Unchanged

Predicted Opening Price for Redrow plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£663.70 ( 0.719%) £668.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RDW.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 682.11 2.04 %
R2 675.08 0.98 %
R1 670.73 0.334 %
Current price: 668.50
Support S1 656.66 -1.77 %
S2 652.31 -2.42 %
S3 645.28 -3.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 688.50 2.99 %
R2 673.50 0.748 %
R1 671.00 0.374 %
Current price 668.50
Support S1 664.50 -0.598%
S2 663.00 -0.82%
S3 662.00 -0.97%

RDW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Feb 22, 2024 Apr 08, 2024 £5.00 0.748%
2 Feb 09, 2023 Feb 23, 2023 Apr 06, 2023 £10.00 2.16%
3 Sep 14, 2022 Sep 22, 2022 Nov 16, 2022 £22.00 4.98%
4 Feb 10, 2022 Feb 24, 2022 Apr 08, 2022 £10.00 1.85%
5 Sep 15, 2021 Sep 23, 2021 Nov 17, 2021 £18.50 2.91%

FAQ

What is the symbol for Redrow plc Stock and on which exchange is it traded?
The symbol for Redrow plc is RDW.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Redrow plc Stock?
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 Redrow plc stock to perform well in the short-term.

How to buy Redrow plc Stock?
Redrow 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 Redrow plc Stock.

What's the current price of Redrow plc Stock?
As of the end of day on the 2024-03-27, the price of an Redrow plc (RDW.L) share was £668.50.

What is the 52-week high and low for Redrow plc Stock?
The 52-week high for Redrow plc Stock is £700.00 and the 52-week low is £423.62.

What is the market capitalization of Redrow plc Stock?
As of the 2024-03-27, the market capitalization of Redrow plc is 2.14B.

When is the next earnings date for Redrow plc?
The upcoming earnings date for Redrow plc is Sep 11, 2024.
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About Redrow plc

Redrow plc Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.... RDW.L Profile

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