Altisource Residential Corp Stock Forecast
Altisource Residential Corp stock price down 1.89% on Thursday
(Updated on Apr 18, 2024)
The Altisource Residential Corp stock price fell by -1.89% on the last day (Thursday, 18th Apr 2024) from £53.00 to £52.00. During the last trading day the stock fluctuated 3.85% from a day low at £52.00 to a day high of £54.00. The price has been going up and down for this period, and there has been a 0% change for the last 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 -18 thousand shares and in total, 74 thousand shares were bought and sold for approximately £3.85 million.
The stock lies in the middle of a wide and weak 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 2.23% during the next 3 months and, with a 90% probability hold a price between £50.15 and £56.67 at the end of this 3-month period.
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RESI.L Signals & Forecast
There are few to no technical positive signals at the moment. The Altisource Residential Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £53.26 and £52.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -6.14%. 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 Altisource Residential Corp stock
Altisource Residential Corp finds support from accumulated volume at £51.80 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 £2.00 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RESI.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Altisource Residential Corp to open at £52.67, and during the day (based on 14 day Average True Range), to move between £49.69 and £54.31, which gives a possible trading interval of +/-£2.31 (+/-4.44%) up or down from last closing price. If Altisource Residential Corp takes out the full calculated possible swing range there will be an estimated 8.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £51.80 (0.38%) than the resistance at £52.80 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altisource Residential Corp stock A Buy?
The Altisource Residential Corp stock holds several negative signals and despite the positive trend, we believe Altisource Residential Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.231 Sell Candidate Unchanged
Predicted Opening Price for Altisource Residential Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £52.67 ( 1.28%) | £52.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RESI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.67 | 5.13 % | |
| R2 | 53.90 | 3.66 % | ||
| R1 | 53.43 | 2.75 % | ||
| Current price: | 52.00 | |||
| Support | S1 | 51.90 | -0.187 % | |
| S2 | 51.43 | -1.09 % | ||
| S3 | 50.67 | -2.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.00 | 5.77 % | |
| R2 | 53.00 | 1.92 % | ||
| R1 | 52.80 | 1.54 % | ||
| Current price | 52.00 | |||
| Support | S1 | 51.80 | -0.385% | |
| S2 | 50.00 | -3.85% | ||
| S3 | 49.10 | -5.58% |
RESI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 08, 2024 | £1.03 | 1.95% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0.0103 | 0.0179% |
| 3 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £1.29 | 2.11% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £1.29 | 1.93% |
| 5 | Feb 01, 2023 | Feb 09, 2023 | Mar 10, 2023 | £1.29 | 1.91% |
FAQ
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