Real Estate Investors Plc Stock Forecast
Real Estate Investors Plc stock downgraded to Hold/Accumulate
(Updated on Apr 24, 2024)
The Real Estate Investors Plc stock price fell by -1.09% on the last day (Wednesday, 24th Apr 2024) from £33.87 to £33.50. During the last trading day the stock fluctuated 1.49% from a day low at £33.50 to a day high of £34.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 143 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 174 thousand shares were bought and sold for approximately £5.83 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 4.78% during the next 3 months and, with a 90% probability hold a price between £33.07 and £36.48 at the end of this 3-month period.
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RLE.L Signals & Forecast
The Real Estate Investors Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £33.57. On a fall, the stock will find some support from the long-term average at approximately £33.36. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, March 21, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Real Estate Investors Plc stock
Real Estate Investors Plc finds support from accumulated volume at £32.75 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 £0.500 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 0.88%.
Our recommended stop-loss: £32.52 (-2.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (RLE.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Real Estate Investors Plc to open at £33.67, and during the day (based on 14 day Average True Range), to move between £32.90 and £34.10, which gives a possible trading interval of +/-£0.602 (+/-1.80%) up or down from last closing price. If Real Estate Investors Plc takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £33.75 (0.75%) than the support at £32.75 (2.24%), 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 Real Estate Investors Plc stock A Buy?
Real Estate Investors Plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.298 Hold/Accumulate Downgraded
Predicted Opening Price for Real Estate Investors Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £33.67 ( 0.498%) | £33.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RLE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.17 | 1.99 % | |
| R2 | 33.98 | 1.42 % | ||
| R1 | 33.86 | 1.07 % | ||
| Current price: | 33.50 | |||
| Support | S1 | 33.48 | -0.0726 % | |
| S2 | 33.36 | -0.425 % | ||
| S3 | 33.17 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.25 | 2.24 % | |
| R2 | 33.80 | 0.90 % | ||
| R1 | 33.75 | 0.746 % | ||
| Current price | 33.50 | |||
| Support | S1 | 32.75 | -2.24% | |
| S2 | 32.00 | -4.48% | ||
| S3 | 31.50 | -5.97% |
RLE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 26, 2024 | £0.625 | 1.87% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0 | 0% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £0.625 | 2.08% |
| 4 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | £0.438 | 1.43% |
| 5 | Dec 13, 2022 | Dec 29, 2022 | Jan 20, 2023 | £0.438 | 1.54% |
FAQ
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