Ryanair Holdings plc Stock Forecast
Red day on Thursday for Ryanair Holdings plc
(Updated on Mar 28, 2024)
The Ryanair Holdings plc stock price fell by -0.294% on the last day (Thursday, 28th Mar 2024) from $146.02 to $145.59. During the last trading day the stock fluctuated 1.42% from a day low at $144.84 to a day high of $146.89. The price has been going up and down for this period, and there has been a 6.89% gain for the last 2 weeks. 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 -138 thousand shares and in total, 285 thousand shares were bought and sold for approximately $41.47 million.
The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.55% during the next 3 months and, with a 90% probability hold a price between $167.43 and $173.27 at the end of this 3-month period.
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RYAAY Signals & Forecast
The Ryanair Holdings plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $145.97. On a fall, the stock will find some support from the long-term average at approximately $140.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.743%. Further fall is indicated until a new bottom pivot has been found. 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 Ryanair Holdings plc stock
Ryanair Holdings plc finds support from accumulated volume at $140.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.05 (1.42%) between high and low. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $139.67 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (RYAAY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ryanair Holdings plc to open at $145.77, and during the day (based on 14 day Average True Range), to move between $142.97 and $148.21, which gives a possible trading interval of +/-$2.62 (+/-1.80%) up or down from last closing price. If Ryanair Holdings plc takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $145.70 (0.08%) than the support at $140.10 (3.77%), 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 Ryanair Holdings plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ryanair Holdings plc stock to perform well in the short-term.
Current score: 1.636 Buy Candidate Unchanged
Predicted Opening Price for Ryanair Holdings plc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$145.77 ( 0.125%) | $145.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RYAAY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 147.83 | 1.54 % | |
R2 | 147.04 | 1.00 % | ||
R1 | 146.56 | 0.664 % | ||
Current price: | 145.59 | |||
Support | S1 | 144.99 | -0.414 % | |
S2 | 144.50 | -0.748 % | ||
S3 | 143.72 | -1.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 146.68 | 0.749 % | |
R2 | 146.02 | 0.295 % | ||
R1 | 145.70 | 0.0756 % | ||
Current price | 145.59 | |||
Support | S1 | 140.10 | -3.77% | |
S2 | 138.99 | -4.53% | ||
S3 | 127.00 | -12.77% |
RYAAY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 26, 2023 | Jan 18, 2024 | Mar 11, 2024 | $0.94 | 0.665% |
2 | Oct 08, 2015 | Oct 28, 2015 | Nov 27, 2015 | $1.66 | 2.14% |
3 | Feb 05, 2015 | Feb 11, 2015 | Feb 27, 2015 | $2.20 | 3.39% |
4 | Nov 14, 2012 | Nov 14, 2012 | Nov 14, 2012 | $2.25 | 6.62% |
5 | Sep 23, 2010 | Sep 23, 2010 | Sep 23, 2010 | $2.19 | 7.22% |
FAQ
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