Regional REIT Limited Stock Forecast
Big movements in Regional REIT Limited stock price on Thursday moving 12.47% between high and low
(Updated on Apr 25, 2024)
No changes to the price of Regional REIT Limited stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 12.47% from a day low at £20.85 to a day high of £23.45. The price has risen in 5 of the last 10 days and is up by 6.57% over the past 2 weeks.
The stock lies the upper part of a very wide and 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 £22.43 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 -22.81% during the next 3 months and, with a 90% probability hold a price between £8.41 and £17.31 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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RGL.L Signals & Forecast
The Regional REIT Limited 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 £21.79 and £19.28. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Monday, April 22, 2024, and so far it has fallen -3.74%. 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).
Support, Risk & Stop-loss for Regional REIT Limited stock
Regional REIT Limited finds support from accumulated volume at £20.90 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 £2.60 between high and low, or 12.47%. For the last week, the stock has had daily average volatility of 8.54%.
Our recommended stop-loss: £20.82 (-4.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (RGL.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Regional REIT Limited to open at £22.07, and during the day (based on 14 day Average True Range), to move between £20.09 and £23.71, which gives a possible trading interval of +/-£1.81 (+/-8.26%) up or down from last closing price. If Regional REIT Limited takes out the full calculated possible swing range there will be an estimated 16.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £22.35 (2.05%) than the support at £20.90 (4.57%), 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 Regional REIT Limited stock A Buy?
Regional REIT Limited 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.
Current score: -0.014 Hold/Accumulate Unchanged
Predicted Opening Price for Regional REIT Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £22.07 ( 0.761%) | £21.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.67 | 12.63 % | |
| R2 | 23.67 | 8.10 % | ||
| R1 | 23.06 | 5.30 % | ||
| Current price: | 21.90 | |||
| Support | S1 | 21.07 | -3.77 % | |
| S2 | 20.46 | -6.58 % | ||
| S3 | 19.47 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.50 | 11.87 % | |
| R2 | 24.00 | 9.59 % | ||
| R1 | 22.35 | 2.05 % | ||
| Current price | 21.90 | |||
| Support | S1 | 20.90 | -4.57% | |
| S2 | 20.15 | -7.99% | ||
| S3 | 19.16 | -12.51% |
RGL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 05, 2024 | £1.20 | 6.26% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0120 | 0.0396% |
| 3 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | £0.0120 | 0.0374% |
| 4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £1.65 | 3.29% |
| 5 | Feb 23, 2023 | Mar 02, 2023 | Apr 06, 2023 | £1.65 | 3.19% |
FAQ
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