Rayonier Advanced Materials Inc Stock Forecast
Green day on Thursday for Rayonier Advanced Materials Inc stock after gaining 0.709%
(Updated on Apr 18, 2024)
The Rayonier Advanced Materials Inc stock price gained 0.709% on the last trading day (Thursday, 18th Apr 2024), rising from $4.23 to $4.26. During the last trading day the stock fluctuated 3.70% from a day low at $4.19 to a day high of $4.34. The price has fallen in 6 of the last 10 days and is down by -5.33% for this period. Volume fell on the last day by -34 thousand shares and in total, 205 thousand shares were bought and sold for approximately $875.26 thousand. 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 very wide and weak 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 3.06% during the next 3 months and, with a 90% probability hold a price between $3.57 and $4.97 at the end of this 3-month period.
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RYAM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.709%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rayonier Advanced Materials Inc 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 $4.43 and $4.28. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Rayonier Advanced Materials Inc stock
Rayonier Advanced Materials Inc finds support from accumulated volume at $4.24 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.155 between high and low, or 3.70%. For the last week the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RYAM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Rayonier Advanced Materials Inc to open at $4.26, and during the day (based on 14 day Average True Range), to move between $4.05 and $4.47, which gives a possible trading interval of +/-$0.209 (+/-4.90%) up or down from last closing price. If Rayonier Advanced Materials Inc takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.24 (0.47%) than the resistance at $4.33 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rayonier Advanced Materials Inc stock A Buy?
The Rayonier Advanced Materials Inc stock holds several negative signals and despite the positive trend, we believe Rayonier Advanced Materials Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.776 Sell Candidate Unchanged
Predicted Opening Price for Rayonier Advanced Materials Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $4.26 ( 0.0391%) | $4.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RYAM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.42 | 3.68 % | |
| R2 | 4.36 | 2.29 % | ||
| R1 | 4.32 | 1.43 % | ||
| Current price: | 4.26 | |||
| Support | S1 | 4.20 | -1.35 % | |
| S2 | 4.17 | -2.21 % | ||
| S3 | 4.11 | -3.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.50 | 5.63 % | |
| R2 | 4.34 | 1.88 % | ||
| R1 | 4.33 | 1.64 % | ||
| Current price | 4.26 | |||
| Support | S1 | 4.24 | -0.469% | |
| S2 | 3.42 | -19.72% | ||
| S3 | 3.39 | -20.42% |
RYAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2019 | Jun 13, 2019 | Jun 28, 2019 | $0.0700 | 1.08% |
| 2 | Feb 20, 2019 | Mar 14, 2019 | Mar 29, 2019 | $0.0700 | 0.516% |
| 3 | Oct 04, 2018 | Dec 14, 2018 | Dec 31, 2018 | $0.0700 | 0.657% |
| 4 | Jul 19, 2018 | Sep 13, 2018 | Sep 28, 2018 | $0.0700 | 0.380% |
| 5 | May 22, 2018 | Jun 14, 2018 | Jun 29, 2018 | $0.0700 | 0.410% |
FAQ
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