Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of RILYO will decline by -7.18% over the next 2 Weeks and hit $23.33 by Friday, November 24, 2023. In that time frame, RILYO's share price is expected to range between $23.21 and $23.46.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 24, 2023 | 23.21 | 23.33 | 23.45 |
| Nov 23, 2023 | 23.25 | 23.38 | 23.48 |
| Nov 22, 2023 | 23.34 | 23.45 | 23.55 |
| Nov 21, 2023 | 23.32 | 23.43 | 23.53 |
| Nov 20, 2023 | 23.33 | 23.43 | 23.53 |
| Nov 17, 2023 | 23.50 | 23.60 | 23.69 |
| Nov 16, 2023 | 23.55 | 23.65 | 23.74 |
| Nov 15, 2023 | 23.63 | 23.72 | 23.81 |
| Nov 14, 2023 | 23.61 | 23.70 | 23.79 |
| Nov 13, 2023 | 23.61 | 23.70 | 23.79 |
| Nov 10, 2023 | 23.42 | 23.51 | 23.60 |
| Nov 9, 2023 | 24.17 | 24.27 | 24.36 |
| Nov 8, 2023 | 24.25 | 24.34 | 24.42 |
| Nov 7, 2023 | 24.23 | 24.32 | 24.41 |
RILYO shares fell -0.02% in Thursday, May 30, 2024's trading session, dropping from a previous close of $25.14 to move at $25.13. The stock demonstrated notable intraday movement (see RILYO's key stats for a full breakdown), fluctuating between $25.13 and $25.14, a +0.02% trading range. While recent weeks have seen some volatility, RILYO has managed to secure a +0.17% gain over the past 2 weeks. The downward price movement was accompanied by increased trading volume, with approximately 1.45K shares changing hands, 513 more than the previous session. This amounted to $36.39K in total market activity.
Will RILYO Continue Its Downward Trend?
According to analyst ratings and projections for RILYO, B. Riley Financial, Inc. - 6.75 shares are anticipated to decrease by -7.16%, potentially reaching $23.45 per share by November 24, 2023. Short-term technical indicators currently suggest a neutral sentiment for RILYO. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 18 positive trading days within the past 30 sessions. Based on the RILYO stock forecast, now is not the best time to buy RILYO stock because its current trading price is +7.73% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on RILYO covering social and institutional perspectives.
RILYO Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into RILYO's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 55.59% to 62.91%) suggest mixed signals, with the stock in a neutral to slightly bearish momentum phase. The 50-day RSI, at 53.67%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 52.41%, maintains a neutral outlook for the long term. Insights into RILYO's shareholder base show how institutional investors are positioning themselves during these momentum shifts

