Reckitt Benckiser stock price forecast: bullish signals persist as RKT trades near support

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Reckitt Benckiser dips 0.33% to GBX 5,988

Highlights

Reckitt Benckiser repurchased 46,610 ordinary shares from BNP Paribas SA, holding these as treasury shares under its ongoing buyback program post-May 2025 AGM.
After this transaction, Reckitt now holds 29.7 million treasury shares out of 672.4 million ordinary shares in issue, impacting total voting rights in line with UK regulations.
The share repurchase underscores Reckitt's targeted capital management strategy and ongoing commitment to enhancing shareholder returns.

Share buyback boosts treasury stock amid focus on returns and capital

Reckitt Benckiser repurchased 46,610 ordinary shares from BNP Paribas SA, retaining these in treasury under its ongoing buyback authority from the May 2025 Annual General Meeting. Following this transaction, Reckitt now holds 29.7 million treasury shares out of 672.4 million ordinary shares in issue, adjusting its total voting rights as required by UK rules. This activity reflects the company’s targeted capital management strategy and commitment to shareholder returns.

Upward momentum persists as mixed oscillators meet strong technical support

At GBX 5,988.00, RKT is trading above the MA-20 (GBX 5,955.10), MA-50 (GBX 5,893.28), and MA-200 (GBX 5,398.10), confirming a bullish structure across short, medium, and long-term trends. The nearest dynamic support is the Ichimoku Kijun at GBX 5,928.00, while resistance is likely at the MA-50 or the next psychological level above the current price. Momentum readings are mixed: MACD and ADX both signal upward momentum, while oscillators diverge — RSI and CCI suggest mild buyer strength, but Stoch RSI indicates strong selling pressure. Bull/Bear Power is overbought, reflecting dominant buyer activity intraday, and the Awesome Oscillator aligns with the broader upward trend.

Price consolidation likely as bullish indicators reduce downside risk

For the next five trading days, the expected price range is GBX 5,970.00 to GBX 6,060.00, based on current volatility and trend. The probability of a price increase is very high (more than 80%) according to strong weekly readings from RSI, ADX, MACD, and MA-50, making a further decline less likely. Baseline scenario: the price remains within a narrow corridor, consolidating between dynamic support at the Kijun and resistance near psychological round levels. A bullish scenario unfolds if the price breaks and holds above GBX 6,050.00, targeting new highs, while a bearish scenario would involve a drop below GBX 5,930.00, triggering additional short-term selling.

Anton Kharitonov, analyst at Traders Union, recognizes the technically bullish structure above the main moving averages but remains cautious due to mixed momentum signals. He notes the company’s ongoing share buyback as a positive for shareholder value, though some oscillators and intraday indicators warn of near-term selling pressure. The analyst sees consolidation as the base case, with clear support at the Kijun and resistance at round-number psychological levels. "Until GBX 6,050.00 is broken with conviction, I remain defensive and would avoid chasing upside here."

Previously it was reported that Reckitt Benckiser Group plc remains in a bullish trend, with the share price trading above key moving averages and momentum indicators such as MACD and ADX confirming strong buyer interest. However, overbought signals from RSI, Stoch RSI, and CCI point to elevated consolidation risk, with immediate support at the Ichimoku Kijun and resistance near recent highs, suggesting the potential for short-term sideways movement unless a breakout occurs.

Source of Data: RKT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.