Sturm Ruger & Company Inc Stock Forecast
Sturm Ruger & Company Inc stock price ended at $46.12 on Thursday, after gaining 1.10%.
(Updated on Apr 18, 2024)
The Sturm Ruger & Company Inc stock price gained 1.10% on the last trading day (Thursday, 18th Apr 2024), rising from $45.62 to $46.12. During the last trading day the stock fluctuated 1.85% from a day low at $45.41 to a day high of $46.25. The price has been going up and down for this period, and there has been a -0.92% loss for the last 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 110 thousand shares were bought and sold for approximately $5.06 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 7.35% during the next 3 months and, with a 90% probability hold a price between $47.11 and $51.57 at the end of this 3-month period.
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RGR Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.13%. 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). The Sturm Ruger & Company Inc 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 $45.97 and $45.45. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Sturm Ruger & Company Inc stock
Sturm Ruger & Company Inc finds support from accumulated volume at $45.88 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 $0.84 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $44.16 (-4.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (RGR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Sturm Ruger & Company Inc to open at $45.93, and during the day (based on 14 day Average True Range), to move between $45.36 and $46.88, which gives a possible trading interval of +/-$0.764 (+/-1.66%) up or down from last closing price. If Sturm Ruger & Company Inc takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.15 (0.07%) than the support at $45.88 (0.52%), 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 Sturm Ruger & Company Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sturm Ruger & Company Inc stock to perform well in the short-term.
Current score: 1.732 Buy Candidate Unchanged
Predicted Opening Price for Sturm Ruger & Company Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $45.93 ( 0.419%) | $46.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RGR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.77 | 1.40 % | |
| R2 | 46.45 | 0.706 % | ||
| R1 | 46.25 | 0.277 % | ||
| Current price: | 46.12 | |||
| Support | S1 | 45.61 | -1.11 % | |
| S2 | 45.41 | -1.54 % | ||
| S3 | 45.09 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.61 | 3.23 % | |
| R2 | 47.18 | 2.30 % | ||
| R1 | 46.15 | 0.0650 % | ||
| Current price | 46.12 | |||
| Support | S1 | 45.88 | -0.520% | |
| S2 | 42.99 | -6.79% | ||
| S3 | 42.89 | -7.00% |
RGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.230 | 0.498% |
| 2 | Nov 01, 2023 | Nov 14, 2023 | Nov 29, 2023 | $0.170 | 0.386% |
| 3 | Aug 02, 2023 | Aug 14, 2023 | Aug 30, 2023 | $0.360 | 0.690% |
| 4 | May 03, 2023 | May 12, 2023 | May 31, 2023 | $0.320 | 0.621% |
| 5 | Feb 22, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.420 | 0.763% |
FAQ
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