Reginn hf. Stock Forecast
Reginn hf. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Reginn hf. stock price gained 0.88% on the last trading day (Wednesday, 17th Apr 2024), rising from 22.80 Íkr to 23.00 Íkr. During the last trading day the stock fluctuated 0.88% from a day low at 22.80 Íkr to a day high of 23.00 Íkr. The price has been going up and down for this period, and there has been a 1.77% 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, 396 thousand more shares were traded than the day before. In total, 901 thousand shares were bought and sold for approximately 20.73 Íkr million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 23.10 Íkr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.18% during the next 3 months and, with a 90% probability hold a price between 17.80 Íkr and 18.90 Íkr 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.
REGINN.IC Signals & Forecast
There are mixed signals in the stock today. The Reginn hf. 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 23.03 Íkr and 23.95 Íkr. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 1.77%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Reginn hf. stock
Reginn hf. finds support from accumulated volume at 22.80 Íkr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.200 Íkr (0.88%) between high and low. For the last week, the stock has had daily average volatility of 0.523%.
Our recommended stop-loss: 21.70 Íkr (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (REGINN.IC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Reginn hf. to open at 22.93 Íkr, and during the day (based on 14 day Average True Range), to move between 22.80 Íkr and 23.20 Íkr, which gives a possible trading interval of +/-0.199 Íkr (+/-0.87%) up or down from last closing price. If Reginn hf. takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 23.20 Íkr (0.87%) than the support at 22.80 Íkr (0.87%), 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 Reginn hf. stock A Buy?
Reginn hf. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.010 Hold/Accumulate Upgraded
Predicted Opening Price for Reginn hf. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| 22.93 Íkr ( 0.290%) | 23.00 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REGINN.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.13 | 0.580 % | |
| R2 | 23.06 | 0.248 % | ||
| R1 | 23.01 | 0.0423 % | ||
| Current price: | 23.00 | |||
| Support | S1 | 22.86 | -0.622 % | |
| S2 | 22.81 | -0.83 % | ||
| S3 | 22.73 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.20 | 18.26 % | |
| R2 | 27.00 | 17.39 % | ||
| R1 | 23.20 | 0.87 % | ||
| Current price | 23.00 | |||
| Support | S1 | 22.80 | -0.87% | |
| S2 | 22.60 | -1.74% | ||
| S3 | 0 | . |
REGINN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | 0.82 Íkr | 2.44% |
FAQ
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