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 RNK.L
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Stronger technical forecast for Rank Group plc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Rank Group plc stock price gained 1.49% on the last trading day (Wednesday, 27th Mar 2024), rising from £67.00 to £68.00. During the last trading day the stock fluctuated 3.34% from a day low at £67.74 to a day high of £70.00. The price has been going up and down for this period, and there has been a 4.78% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 100 thousand shares were bought and sold for approximately £6.77 million. 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 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 -9.11% during the next 3 months and, with a 90% probability hold a price between £57.92 and £66.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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RNK.L Signals & Forecast

There are mixed signals in the stock today. The Rank Group plc 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 £70.80. On a fall, the stock will find some support from the short-term average at £66.63. 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). A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 4.78%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Rank Group plc stock

Rank Group plc finds support from accumulated volume at £67.90 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 £2.26 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 5.66%.

Our recommended stop-loss: £64.75 (-4.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Rank Group plc to open at £68.58, and during the day (based on 14 day Average True Range), to move between £64.10 and £71.90, which gives a possible trading interval of +/-£3.90 (+/-5.74%) up or down from last closing price. If Rank Group plc takes out the full calculated possible swing range there will be an estimated 11.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £67.90 (0.15%) than the resistance at £72.00 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rank Group plc stock A Buy?

Rank Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.271 Hold/Accumulate Upgraded

Predicted Opening Price for Rank Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£68.58 ( 0.85%) £68.00

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

Trading levels for RNK.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 70.84 4.18 %
R2 69.98 2.91 %
R1 69.44 2.12 %
Current price: 68.00
Support S1 67.72 -0.419 %
S2 67.18 -1.20 %
S3 66.32 -2.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 75.50 11.03 %
R2 74.00 8.82 %
R1 72.00 5.88 %
Current price 68.00
Support S1 67.90 -0.147%
S2 66.10 -2.79%
S3 66.00 -2.94%

RNK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 30, 2020 Feb 13, 2020 Mar 13, 2020 £2.80 1.64%
2 Aug 22, 2019 Sep 19, 2019 Oct 29, 2019 £5.50 2.27%
3 Jan 31, 2019 Feb 14, 2019 Mar 14, 2019 £2.15 1.34%
4 Aug 16, 2018 Sep 20, 2018 Oct 30, 2018 £5.30 3.41%
5 Feb 01, 2018 Feb 15, 2018 Mar 15, 2018 £2.15 1.00%

FAQ

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

Should I buy or sell Rank Group plc Stock?
Rank Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Rank Group plc Stock?
Rank Group 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 Rank Group plc Stock.

What's the current price of Rank Group plc Stock?
As of the end of day on the 2024-03-27, the price of an Rank Group plc (RNK.L) share was £68.00.

What is the 52-week high and low for Rank Group plc Stock?
The 52-week high for Rank Group plc Stock is £107.60 and the 52-week low is £60.40.

What is the market capitalization of Rank Group plc Stock?
As of the 2024-03-27, the market capitalization of Rank Group plc is 318.532M.

When is the next earnings date for Rank Group plc?
The upcoming earnings date for Rank Group plc is Aug 15, 2024.
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About Rank Group plc

Rank Group plc The Rank Group Plc, together with its subsidiaries, provides gaming services in Great Britain, Spain, Belgium, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and International Venues segments. The company offers a range of casino table games, including roulette, blackjack, baccarat, and poker; electronic roulette and slots machine games; and community games, such as bingo, as well as sports betting and food, drink, and li... RNK.L Profile

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