RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RMV.L
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Rightmove plc stock price ended at £542.60 on Wednesday, after losing 1.24%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 22, 2024 Loss -1.52% PDF

The Rightmove plc stock price fell by -1.24% on the last day (Wednesday, 27th Mar 2024) from £549.40 to £542.60. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.70% from a day low at £542.60 to a day high of £551.80. The price has fallen in 6 of the last 10 days and is down by -3.14% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately £1.13 billion.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £537.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.11% during the next 3 months and, with a 90% probability hold a price between £548.87 and £593.41 at the end of this 3-month period.

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RMV.L Signals & Forecast

There are few to no technical positive signals at the moment. The Rightmove plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £561.49 and £558.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.51%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Rightmove plc stock

Rightmove plc finds support from accumulated volume at £539.20 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 £9.20 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 2.69%.

Our recommended stop-loss: £508.74 (-6.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (RMV.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Rightmove plc to open at £545.67, and during the day (based on 14 day Average True Range), to move between £529.00 and £556.20, which gives a possible trading interval of +/-£13.60 (+/-2.51%) up or down from last closing price. If Rightmove plc takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £539.20 (0.63%) than the resistance at £555.80 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rightmove plc stock A Buy?

Rightmove plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.519 Hold/Accumulate Unchanged

Predicted Opening Price for Rightmove plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£545.67 ( 0.565%) £542.60

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

Trading levels for RMV.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 554.87 2.26 %
R2 551.35 1.61 %
R1 549.18 1.21 %
Current price: 542.60
Support S1 542.15 -0.0825 %
S2 539.98 -0.483 %
S3 536.47 -1.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 577.80 6.49 %
R2 565.80 4.28 %
R1 555.80 2.43 %
Current price 542.60
Support S1 539.20 -0.627%
S2 535.00 -1.40%
S3 533.60 -1.66%

RMV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 Apr 25, 2024 May 24, 2024 £5.70 1.05%
2 Mar 03, 2023 Apr 27, 2023 May 26, 2023 £5.20 0.98%
3 Jul 29, 2022 Sep 29, 2022 Oct 28, 2022 £3.30 0.670%
4 Feb 25, 2022 Apr 28, 2022 May 27, 2022 £4.80 0.81%
5 Jul 30, 2021 Sep 30, 2021 Oct 29, 2021 £3.00 0.434%

FAQ

What is the symbol for Rightmove plc Stock and on which exchange is it traded?
The symbol for Rightmove plc is RMV.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Rightmove plc Stock?
Rightmove plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Rightmove plc Stock?
Rightmove plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Rightmove plc Stock.

What's the current price of Rightmove plc Stock?
As of the end of day on the 2024-03-27, the price of an Rightmove plc (RMV.L) share was £542.60.

What is the 52-week high and low for Rightmove plc Stock?
The 52-week high for Rightmove plc Stock is £603.00 and the 52-week low is £457.70.

What is the market capitalization of Rightmove plc Stock?
As of the 2024-03-27, the market capitalization of Rightmove plc is 4.336B.

When is the next earnings date for Rightmove plc?
The upcoming earnings date for Rightmove plc is Jul 26, 2024.
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About Rightmove plc

Rightmove plc Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. It also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing... RMV.L Profile

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