Red day on Friday for Royal Bank Scotland plc (The) stock after losing 0% (Updated on September 04, 2020)

Hold candidate since 2020-08-04 PDF

No changes to the price of Royal Bank Scotland plc (The) stock on the last trading day (Friday, 4th Sep 2020). During the day the stock fluctuated 0% from a day low at $2.76 to a day high of $2.76. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.94% during the next 3 months and, with a 90% probability hold a price between $2.03 and $2.60 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the stock today. The Royal Bank Scotland plc (The) 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 $2.76 and $2.81. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible turning point. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, July 31, 2020, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

There is no support from accumulated volume below todays level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 0%

Our recommended stop-loss: $2.59 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Is Royal Bank Scotland plc (The) stock A Buy?

Royal Bank Scotland plc (The) holds several positive signals, but we still dont 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.

Current score: 0.000

Predicted Opening Price for Royal Bank Scotland plc (The) of Tuesday, September 8, 2020

The predicted opening price is based on yesterdays movements between high, low, and the closing price.

Fair opening price September 8, 2020 Current price
$2.76 $2.76 (Undervalued)

Hold/Accumulate Unchanged

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Morgan Stanley is very positive about RBS and gave it a Overweight rating on June 05, 2020. The price target was changed from $185.00 to $175.00.

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