Regional Health Properties, Inc. Stock Forecast
Regional Health Properties, Inc. stock upgraded to Strong Buy Candidate.
(Updated on Apr 24, 2024)
The Regional Health Properties, Inc. stock price gained 2.80% on the last trading day (Wednesday, 24th Apr 2024), rising from $2.86 to $2.94. During the last trading day the stock fluctuated 3.59% from a day low at $2.84 to a day high of $2.94. The price has been going up and down for this period, and there has been a 1.03% gain for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 6 thousand shares were bought and sold for approximately $17.25 thousand. 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 wide and strong 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 28.60% during the next 3 months and, with a 90% probability hold a price between $3.37 and $3.95 at the end of this 3-month period.
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RHE Signals & Forecast
The Regional Health Properties, 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 $2.88 and $2.60. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.336%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Regional Health Properties, Inc. stock
Regional Health Properties, Inc. finds support from accumulated volume at $2.86 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.102 between high and low, or 3.59%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: $2.84 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (RHE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Regional Health Properties, Inc. to open at $2.91, and during the day (based on 14 day Average True Range), to move between $2.83 and $3.05, which gives a possible trading interval of +/-$0.113 (+/-3.83%) up or down from last closing price. If Regional Health Properties, Inc. takes out the full calculated possible swing range there will be an estimated 7.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.95 (0.34%) than the support at $2.86 (2.72%), 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 Health Properties, Inc. stock A Buy?
Regional Health Properties, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.755 Strong Buy Candidate Upgraded
Predicted Opening Price for Regional Health Properties, Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $2.91 ( 1.15%) | $2.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RHE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.01 | 2.31 % | |
| R2 | 2.97 | 0.99 % | ||
| R1 | 2.94 | 0.169 % | ||
| Current price: | 2.94 | |||
| Support | S1 | 2.87 | -2.48 % | |
| S2 | 2.84 | -3.29 % | ||
| S3 | 2.80 | -4.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2.95 | 0.337 % | ||
| Current price | 2.94 | |||
| Support | S1 | 2.86 | -2.72% | |
| S2 | 2.74 | -6.80% | ||
| S3 | 2.53 | -13.95% |
RHE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 13, 2015 | Oct 13, 2015 | Jan 02, 2019 | $0.0600 | 4.14% |
FAQ
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