River and Mercantile UK Micro Cap Stock Forecast

Red day on Friday for River and Mercantile UK Micro Cap stock after losing 0%
(Updated on Apr 19, 2024)

RMMC.L Signals & Forecast

There are mixed signals in the stock today. The River and Mercantile UK Micro Cap stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £150.71 and £157.63. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 1.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

Support, Risk & Stop-loss for River and Mercantile UK Micro Cap stock

River and Mercantile UK Micro Cap finds support from accumulated volume at £147.50 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 £10.00 between high and low, or 6.90%. For the last week, the stock has had daily average volatility of 4.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RMMC.L) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect River and Mercantile UK Micro Cap Investment Company Ltd GBP Accum.Red.Shs to open at £150.00, and during the day (based on 14 day Average True Range), to move between £143.25 and £156.75, which gives a possible trading interval of +/-£6.75 (+/-4.50%) up or down from last closing price. If River and Mercantile UK Micro Cap Investment Company Ltd GBP Accum.Red.Shs takes out the full calculated possible swing range there will be an estimated 9.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £150.50 (0.33%) than the support at £147.50 (1.67%), 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 River and Mercantile UK Micro Cap Investment Company Ltd GBP Accum.Red.Shs stock A Buy?

River and Mercantile UK Micro Cap 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: -2.332 Sell Candidate Unchanged

Predicted Opening Price for River and Mercantile UK Micro Cap Investment Company Ltd GBP Accum.Red.Shs of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.