Rogers Sugar Inc. Stock Forecast
Red day on Friday for Rogers Sugar Inc. stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of Rogers Sugar Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0.96% from a day low at $5.22 to a day high of $5.27. The price has been going up and down for this period, and there has been a 0.19% gain for the last 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $5.24 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.38% during the next 3 months and, with a 90% probability hold a price between $4.50 and $4.85 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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RSI.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.36%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rogers Sugar Inc. 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 $5.26. On a fall, the stock will find some support from the short-term average at $5.21. 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.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 8.29% to $5.65 within 30 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Rogers Sugar Inc. stock
Rogers Sugar Inc. finds support from accumulated volume at $5.19 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 $0.0500 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 0.769%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RSI.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Rogers Sugar Inc. to open at $5.24, and during the day (based on 14 day Average True Range), to move between $5.17 and $5.27, which gives a possible trading interval of +/-$0.0524 (+/-1.00%) up or down from last closing price. If Rogers Sugar Inc. takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.19 (0.57%) than the resistance at $5.25 (0.57%), 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
Rogers Sugar Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.110. We will update the financials statements for Rogers Sugar Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.49% in the first trading day after earnings release.
Is Rogers Sugar Inc. stock A Buy?
Rogers Sugar Inc. 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: -3.243 Sell Candidate Unchanged
Predicted Opening Price for Rogers Sugar Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.24 ( 0.319%) | $5.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.29 | 1.28 % | |
| R2 | 5.27 | 0.91 % | ||
| R1 | 5.26 | 0.685 % | ||
| Current price: | 5.22 | |||
| Support | S1 | 5.22 | -0.0466 % | |
| S2 | 5.21 | -0.273 % | ||
| S3 | 5.19 | -0.639 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.36 | 2.68 % | |
| R2 | 5.32 | 1.92 % | ||
| R1 | 5.25 | 0.575 % | ||
| Current price | 5.22 | |||
| Support | S1 | 5.19 | -0.575% | |
| S2 | 5.18 | -0.766% | ||
| S3 | 5.15 | -1.34% |
RSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Mar 27, 2024 | Apr 17, 2024 | $0.0900 | 1.74% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 12, 2023 | $0.0900 | 1.65% |
| 4 | May 10, 2023 | Jun 29, 2023 | Jul 13, 2023 | $0.0900 | 1.54% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Apr 19, 2023 | $0.0900 | 1.46% |
FAQ
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