Rotork plc Stock Forecast
Rotork plc stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Rotork plc stock price gained 0.259% on the last trading day (Thursday, 25th Apr 2024), rising from £309.00 to £309.80. During the last trading day the stock fluctuated 2.30% from a day low at £304.00 to a day high of £311.00. The price has fallen in 7 of the last 10 days and is down by -5.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 282 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £627.37 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £309.16 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 3.05% during the next 3 months and, with a 90% probability hold a price between £318.58 and £350.74 at the end of this 3-month period.
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ROR.L Signals & Forecast
The Rotork plc 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 £314.91 and £324.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.259%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Rotork plc stock
Rotork plc finds support from accumulated volume at £309.00 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 £7.00 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: £290.09 (-6.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ROR.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Rotork plc to open at £308.27, and during the day (based on 14 day Average True Range), to move between £301.09 and £318.51, which gives a possible trading interval of +/-£8.71 (+/-2.81%) up or down from last closing price. If Rotork plc takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £309.00 (0.26%) than the resistance at £323.80 (4.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rotork plc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.726 Buy Candidate Upgraded
Predicted Opening Price for Rotork plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £308.27 ( 0.495%) | £309.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 315.27 | 1.76 % | |
| R2 | 312.59 | 0.90 % | ||
| R1 | 310.94 | 0.368 % | ||
| Current price: | 309.80 | |||
| Support | S1 | 305.59 | -1.36 % | |
| S2 | 303.94 | -1.89 % | ||
| S3 | 301.27 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 328.00 | 5.87 % | |
| R2 | 326.40 | 5.36 % | ||
| R1 | 323.80 | 4.52 % | ||
| Current price | 309.80 | |||
| Support | S1 | 309.00 | -0.258% | |
| S2 | 308.40 | -0.452% | ||
| S3 | 308.20 | -0.516% |
ROR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 24, 2024 | £4.65 | 1.50% |
| 2 | Feb 28, 2023 | Apr 13, 2023 | May 19, 2023 | £4.30 | 1.26% |
| 3 | Aug 02, 2022 | Aug 18, 2022 | Sep 23, 2022 | £2.40 | 1.04% |
| 4 | Mar 30, 2022 | Apr 07, 2022 | May 20, 2022 | £4.05 | 1.54% |
| 5 | Aug 03, 2021 | Aug 19, 2021 | Sep 24, 2021 | £2.35 | 0.653% |
FAQ
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