https://www.investingcube.com/royal-mai ... ns-shares/
The Royal Mail share price declined by more than 1.7% on Monday as investors reflected on the upcoming reopening of the UK economy. The RMG stock is trading at 510p, which is 4.85% below the year-to-date high of 533p.
What happened: Royal Mail has been one of the top performing stocks in the past year as the pandemic led to more demand for parcel services. Indeed, the company’s revenue has surged in the past few quarters. It has also committed to start delivering on Sunday as it deals with the rising demand.
The company’s share price is falling as the Boris Johnson administration starts to consider reopening the economy now that it has vaccinated millions of people. This could lead to lower demand for parcels and online shopping.
Some analysts and Royal Mail bulls believe that the company’s fortunes will remain since people have tested the benefits of online shopping and parcel delivery. Others believe that the company’s shares are overvalued and that they are ripe for a pullback.
Royal Mail share price outlook
The four-hour chart shows that the Royal Mail share price has been in a strong upward trend recently. However, in the past few weeks, the momentum has waned, pushing the stock from a year-to-date high of 528p to 508p. It remains above the ascending black trendline that connects the lowest levels from November 10 last year.
Therefore, in my view, the stock will remain in a bullish trend so long as it is above this trendline. Any move below the line will open the possibility of the stock moving below 500p.
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
Royal Mail Share Price Could Fall Below 500p If This Happens
-
TrueBlueTerrier
- FORUM ADMINISTRATOR
- Posts: 72539
- Joined: 30 Dec 2006, 10:29
- Gender: Male
- Location: On my couch
Royal Mail Share Price Could Fall Below 500p If This Happens
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
-
Dorset Plodder
- Posts: 4351
- Joined: 29 Apr 2009, 20:05
- Gender: Male
Re: Royal Mail Share Price Could Fall Below 500p If This Happens
Thank God for Marlet Analysts eh! So RMs Business Plan will work well provided we lock down the entire population so they can't go shopping? 
That's almost as good as Deliver Ro's Business Plan that relies on Wage Slave Labour Couriers earning £3-4 an hour FFS!
Looks like these Investors are just going to have to take a hit ... my heart bleeds for them.
That's almost as good as Deliver Ro's Business Plan that relies on Wage Slave Labour Couriers earning £3-4 an hour FFS!
Looks like these Investors are just going to have to take a hit ... my heart bleeds for them.
Like all Wage Slaves, he had two crosses to bear: The people he worked for and the people he worked with! (Stephen Vizinczey.)