T. Rowe Price Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
T. Rowe Price Group stock upgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The T. Rowe Price Group stock price fell by -0.786% on the last day (Wednesday, 24th Apr 2024) from $111.94 to $111.06. During the last trading day the stock fluctuated 1.31% from a day low at $110.24 to a day high of $111.69. The price has fallen in 6 of the last 10 days and is down by -4.73% for this period. 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 -253 thousand shares and in total, 1 million shares were bought and sold for approximately $117.02 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 $109.21 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 6.48% during the next 3 months and, with a 90% probability hold a price between $116.28 and $132.15 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 2.15%. 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 T. Rowe Price Group 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 $116.21. On a fall, the stock will find some support from the short-term average at $110.78. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 Wednesday, June 28, 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 Wednesday, June 28, 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 Wednesday, June 28, 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 $1.45 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: $104.87 (-5.57%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TROW) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect T. Rowe Price Group to open at $110.99, and during the day (based on 14 day Average True Range), to move between $108.55 and $113.57, which gives a possible trading interval of +/-$2.51 (+/-2.26%) 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 4.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $111.50 (0.40%) than the support at $108.72 (2.11%), 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.
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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.656 Hold/Accumulate Upgraded
Predicted Opening Price for T. Rowe Price Group of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $110.99 ( 0.0591%) | $111.06 |
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 | 112.44 | 1.24 % | |
| R2 | 111.89 | 0.746 % | ||
| R1 | 111.55 | 0.439 % | ||
| Current price: | 111.06 | |||
| Support | S1 | 110.44 | -0.557 % | |
| S2 | 110.10 | -0.86 % | ||
| S3 | 109.55 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.26 | 4.68 % | |
| R2 | 114.86 | 3.42 % | ||
| R1 | 111.50 | 0.396 % | ||
| Current price | 111.06 | |||
| Support | S1 | 108.72 | -2.11% | |
| S2 | 108.45 | -2.35% | ||
| S3 | 106.33 | -4.26% |
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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