T. Rowe Price Group Stock Forecast
T. Rowe Price Group stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)
The T. Rowe Price Group stock price gained 2.55% on the last trading day (Monday, 22nd Apr 2024), rising from $108.73 to $111.50. During the last trading day the stock fluctuated 3.07% from a day low at $108.38 to a day high of $111.71. The price has fallen in 6 of the last 10 days and is down by -5.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 389 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $233.04 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 $109.00 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 7.48% during the next 3 months and, with a 90% probability hold a price between $117.16 and $133.44 at the end of this 3-month period.
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TROW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.56%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The T. Rowe Price Group 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 $111.70 and $116.49. 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). The stock had a Golden Star Signal on Thursday, February 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 29, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for T. Rowe Price Group stock
T. Rowe Price Group finds support from accumulated volume at $108.72 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 $3.33 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: $105.48 (-5.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (TROW) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect T. Rowe Price Group to open at $110.53, and during the day (based on 14 day Average True Range), to move between $108.91 and $114.09, which gives a possible trading interval of +/-$2.59 (+/-2.32%) up or down from last closing price. If T. Rowe Price Group takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $108.72 (2.49%) than the resistance at $114.86 (3.01%), 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
T. Rowe Price Group will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.01. We will update the financials statements for T. Rowe Price Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.01% in the first trading day after earnings release.
Is T. Rowe Price Group stock A Buy?
T. Rowe Price Group holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.285 Hold/Accumulate Upgraded
Predicted Opening Price for T. Rowe Price Group of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $110.53 ( 0.87%) | $111.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TROW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.85 | 2.11 % | |
| R2 | 112.58 | 0.97 % | ||
| R1 | 111.80 | 0.268 % | ||
| Current price: | 111.50 | |||
| Support | S1 | 109.26 | -2.01 % | |
| S2 | 108.47 | -2.71 % | ||
| S3 | 107.20 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.60 | 5.47 % | |
| R2 | 116.26 | 4.27 % | ||
| R1 | 114.86 | 3.01 % | ||
| Current price | 111.50 | |||
| Support | S1 | 108.72 | -2.49% | |
| S2 | 108.45 | -2.74% | ||
| S3 | 106.33 | -4.64% |
TROW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.24 | 1.02% |
| 2 | Oct 31, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.22 | 1.13% |
| 3 | Jul 31, 2023 | Sep 14, 2023 | Sep 28, 2023 | $1.22 | 1.17% |
| 4 | May 09, 2023 | Jun 14, 2023 | Jun 29, 2023 | $1.22 | 1.10% |
| 5 | Feb 07, 2023 | Mar 14, 2023 | Mar 30, 2023 | $1.22 | 1.11% |
FAQ
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