Ramsdens Holdings Plc Stock Forecast
Ramsdens Holdings Plc stock price down 0% on Wednesday
(Updated on Mar 27, 2024)
No changes to the price of Ramsdens Holdings Plc stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 3.54% from a day low at £193.11 to a day high of £199.95. The price has been going up and down for this period, and there has been a 4% gain for the last 2 weeks.
Given the current short-term trend, the stock is expected to fall -14.92% during the next 3 months and, with a 90% probability hold a price between £135.76 and £165.91 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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RFX.L Signals & Forecast
The Ramsdens Holdings Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £190.71 and £185.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 13.70%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Ramsdens Holdings Plc stock
Ramsdens Holdings Plc finds support from accumulated volume at £190.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £6.84 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 4.24%.
Our recommended stop-loss: £185.34 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (RFX.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Ramsdens Holdings Plc to open at £196.02, and during the day (based on 14 day Average True Range), to move between £186.42 and £203.58, which gives a possible trading interval of +/-£8.58 (+/-4.40%) up or down from last closing price. If Ramsdens Holdings Plc takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £200.00 (2.56%) than the support at £190.00 (2.56%), 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 Ramsdens Holdings Plc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.003 Buy Candidate Unchanged
Predicted Opening Price for Ramsdens Holdings Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£196.02 ( 0.523%) | £195.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RFX.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 202.86 | 4.03 % | |
R2 | 200.25 | 2.69 % | ||
R1 | 198.63 | 1.86 % | ||
Current price: | 195.00 | |||
Support | S1 | 193.41 | -0.82 % | |
S2 | 191.79 | -1.64 % | ||
S3 | 189.18 | -2.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 209.00 | 7.18 % | |
R2 | 207.50 | 6.41 % | ||
R1 | 200.00 | 2.56 % | ||
Current price | 195.00 | |||
Support | S1 | 190.00 | -2.56% | |
S2 | 185.00 | -5.13% | ||
S3 | 171.50 | -12.05% |
RFX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Feb 15, 2024 | Mar 22, 2024 | £7.10 | 3.74% |
2 | Jan 17, 2023 | Feb 02, 2023 | Mar 10, 2023 | £6.30 | 2.98% |
3 | Jun 08, 2022 | Sep 01, 2022 | Sep 30, 2022 | £2.70 | 1.44% |
4 | Jan 18, 2022 | Feb 03, 2022 | Mar 10, 2022 | £1.20 | 0.82% |
5 | Dec 03, 2019 | Jan 16, 2020 | Feb 20, 2020 | £2.70 | 1.10% |
FAQ
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