Reitir fasteignafelag hf. Stock Forecast
Reitir fasteignafelag hf. stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Reitir fasteignafelag hf. stock price gained 0.662% on the last trading day (Tuesday, 23rd Apr 2024), rising from 75.50 Íkr to 76.00 Íkr. During the last trading day the stock fluctuated 0.658% from a day low at 76.00 Íkr to a day high of 76.50 Íkr. The price has fallen in 5 of the last 10 days and is down by -3.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 742 thousand shares were bought and sold for approximately 56.35 Íkr million.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.11% during the next 3 months and, with a 90% probability hold a price between 61.70 Íkr and 64.43 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.
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REITIR.IC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.662%. Further rise is indicated until a new top pivot has been found. 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. The Reitir fasteignafelag 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 77.00 Íkr and 79.29 Íkr. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Reitir fasteignafelag hf. stock
Reitir fasteignafelag hf. finds support from accumulated volume at 75.50 Íkr 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 0.500 Íkr between high and low, or 0.658%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: 71.48 Íkr (-5.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (REITIR.IC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Reitir fasteignafelag hf. to open at 76.17 Íkr, and during the day (based on 14 day Average True Range), to move between 74.66 Íkr and 77.34 Íkr, which gives a possible trading interval of +/-1.34 Íkr (+/-1.77%) up or down from last closing price. If Reitir fasteignafelag hf. takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 75.50 Íkr (0.66%) than the resistance at 78.50 Íkr (3.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Reitir fasteignafelag hf. stock A Buy?
Reitir fasteignafelag hf. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.267 Hold/Accumulate Upgraded
Predicted Opening Price for Reitir fasteignafelag hf. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 76.17 Íkr ( 0.219%) | 76.00 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REITIR.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.67 | 0.88 % | |
| R2 | 76.48 | 0.626 % | ||
| R1 | 76.36 | 0.471 % | ||
| Current price: | 76.00 | |||
| Support | S1 | 75.98 | -0.0320 % | |
| S2 | 75.86 | -0.187 % | ||
| S3 | 75.67 | -0.439 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.00 | 5.26 % | |
| R2 | 79.00 | 3.95 % | ||
| R1 | 78.50 | 3.29 % | ||
| Current price | 76.00 | |||
| Support | S1 | 75.50 | -0.658% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
REITIR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 27, 2024 | 2.05 Íkr | 2.55% |
| 2 | Mar 12, 2020 | Mar 12, 2020 | Mar 12, 2020 | 1.65 Íkr | 2.89% |
| 3 | Mar 14, 2019 | Mar 14, 2019 | Mar 14, 2019 | 1.62 Íkr | 2.14% |
| 4 | Mar 15, 2018 | Mar 15, 2018 | Mar 15, 2018 | 1.50 Íkr | 1.80% |
FAQ
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