RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RNO.L
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Evaluation of Rhino Resource Partners, L.P. stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Rhino Resource Partners, L.P. stock price fell by -1.07% on the last day (Wednesday, 27th Mar 2024) from £37.40 to £37.00. During the last trading day the stock fluctuated 5.74% from a day low at £36.60 to a day high of £38.70. The price has fallen in 5 of the last 10 days and is down by -5.13% 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 -241 thousand shares and in total, 195 thousand shares were bought and sold for approximately £7.22 million.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £36.14 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Rhino Resource Partners, L.P. stock with a 90% probability to be traded between £36.83 and £46.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

RNO.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 2.49%. 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 Rhino Resource Partners, L.P. 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 £41.04. On a fall, the stock will find some support from the short-term average at £36.96. 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.

Support, Risk & Stop-loss for Rhino Resource Partners, L.P. stock

Rhino Resource Partners, L.P. finds support from accumulated volume at £36.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £2.10 between high and low, or 5.74%. For the last week, the stock has had daily average volatility of 6.57%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RNO.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Rhino Resource Partners, L.P. to open at £37.43, and during the day (based on 14 day Average True Range), to move between £34.65 and £39.35, which gives a possible trading interval of +/-£2.35 (+/-6.36%) up or down from last closing price. If Rhino Resource Partners, L.P. takes out the full calculated possible swing range there will be an estimated 12.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £36.90 (0.27%) than the resistance at £39.30 (6.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rhino Resource Partners, L.P. stock A Buy?

Rhino Resource Partners, L.P. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.417 Sell Candidate Downgraded

Predicted Opening Price for Rhino Resource Partners, L.P. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£37.43 ( 1.17%) £37.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RNO.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 39.53 6.85 %
R2 38.73 4.68 %
R1 38.24 3.34 %
Current price: 37.00
Support S1 36.63 -1.00 %
S2 36.14 -2.34 %
S3 35.33 -4.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 45.40 22.70 %
R2 41.50 12.16 %
R1 39.30 6.22 %
Current price 37.00
Support S1 36.90 -0.270%
S2 36.30 -1.89%
S3 36.10 -2.43%

RNO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 15, 2004 Jan 05, 2005 Jan 28, 2005 £1.50 2.14%
2 Jun 14, 2004 Jul 14, 2004 Aug 12, 2004 £3.00 3.47%
3 Nov 10, 2003 Jan 07, 2004 Jan 30, 2004 £1.50 1.94%
4 Jun 09, 2003 Jul 09, 2003 Aug 07, 2003 £3.00 3.85%
5 Nov 11, 2002 Jan 08, 2003 Jan 31, 2003 £1.50 2.65%

FAQ

What is the symbol for Rhino Resource Partners, L.P. Stock and on which exchange is it traded?
The symbol for Rhino Resource Partners, L.P. is RNO.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Rhino Resource Partners, L.P. Stock?
Rhino Resource Partners, L.P. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Rhino Resource Partners, L.P. Stock?
Rhino Resource Partners, L.P. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Rhino Resource Partners, L.P. Stock.

What's the current price of Rhino Resource Partners, L.P. Stock?
As of the end of day on the 2024-03-27, the price of an Rhino Resource Partners, L.P. (RNO.L) share was £37.00.

What is the 52-week high and low for Rhino Resource Partners, L.P. Stock?
The 52-week high for Rhino Resource Partners, L.P. Stock is £46.00 and the 52-week low is £23.79.

What is the market capitalization of Rhino Resource Partners, L.P. Stock?
As of the 2024-03-27, the market capitalization of Rhino Resource Partners, L.P. is 83.27M.

When is the next earnings date for Rhino Resource Partners, L.P.?
The upcoming earnings date for Rhino Resource Partners, L.P. is Jul 10, 2024.
Click to get the best stock tips daily for free!

About Rhino Resource Partners, L.P.

Rhino Resource Partners L.P. Renold plc manufactures and sells high precision engineered power transmission products in the United Kingdom, rest of Europe, Americas, Australasia, China, India, and internationally. The company operates through two segments, Chain and Torque Transmission. It offers standard, welded steel, trident, and draw bench conveyor chains, as well as conveyor chains for theme parks; and bucket elevator, escalator, heavy duty drag, and waste water treatme... RNO.L Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT