RLJ Lodging Trust Stock Forecast
Red day on Wednesday for RLJ Lodging Trust stock after losing 0.175%
(Updated on Apr 24, 2024)
The RLJ Lodging Trust stock price fell by -0.175% on the last day (Wednesday, 24th Apr 2024) from $11.40 to $11.38. During the last trading day the stock fluctuated 1.78% from a day low at $11.24 to a day high of $11.44. The price has fallen in 6 of the last 10 days and is down by -2.4% for this period. Volume has increased on the last day by 342 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, 1 million shares were bought and sold for approximately $13.22 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.68% during the next 3 months and, with a 90% probability hold a price between $10.60 and $11.71 at the end of this 3-month period.
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RLJ Signals & Forecast
There are mixed signals in the stock today. The RLJ Lodging Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.69. On a fall, the stock will find some support from the short-term average at $11.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.31%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for RLJ Lodging Trust stock
RLJ Lodging Trust finds support from accumulated volume at $11.35 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 $0.200 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RLJ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect RLJ Lodging Trust to open at $11.35, and during the day (based on 14 day Average True Range), to move between $11.13 and $11.63, which gives a possible trading interval of +/-$0.247 (+/-2.17%) up or down from last closing price. If RLJ Lodging Trust takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.35 (0.26%) than the resistance at $11.66 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
RLJ Lodging Trust will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0100. We will update the financials statements for RLJ Lodging Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.99% in the first trading day after earnings release.
Is RLJ Lodging Trust stock A Buy?
RLJ Lodging Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.344 Sell Candidate Unchanged
Predicted Opening Price for RLJ Lodging Trust of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $11.35 ( 0.234%) | $11.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RLJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.55 | 1.52 % | |
| R2 | 11.48 | 0.85 % | ||
| R1 | 11.43 | 0.437 % | ||
| Current price: | 11.38 | |||
| Support | S1 | 11.28 | -0.91 % | |
| S2 | 11.23 | -1.32 % | ||
| S3 | 11.15 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.80 | 3.69 % | |
| R2 | 11.76 | 3.34 % | ||
| R1 | 11.66 | 2.46 % | ||
| Current price | 11.38 | |||
| Support | S1 | 11.35 | -0.264% | |
| S2 | 10.96 | -3.69% | ||
| S3 | 10.91 | -4.13% |
RLJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.100 | 0.87% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.100 | 0.87% |
| 3 | Aug 03, 2023 | Sep 28, 2023 | Oct 17, 2023 | $0.100 | 1.01% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0800 | 0.799% |
| 5 | Feb 27, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.0800 | 0.764% |
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