Baillie Gifford Japan Trust plc Stock Forecast
Weaker technical forecast for Baillie Gifford Japan Trust plc as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The Baillie Gifford Japan Trust plc stock price fell by -0.98% on the last day (Thursday, 25th Apr 2024) from £714.00 to £707.00. During the last trading day the stock fluctuated 2.03% from a day low at £699.03 to a day high of £713.23. The price has fallen in 5 of the last 10 days and is down by -3.55% 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 -725 thousand shares and in total, 292 thousand shares were bought and sold for approximately £206.16 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £704.97 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Baillie Gifford Japan Trust plc stock with a 90% probability to be traded between £704.50 and £765.30 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.
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BGFD.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.284%. 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 Baillie Gifford Japan Trust plc 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 £709.57 and £738.06. A break-up above any of these levels will issue buy signals. 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 Baillie Gifford Japan Trust plc stock
Baillie Gifford Japan Trust plc finds support from accumulated volume at £705.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £14.20 (2.03%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGFD.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Baillie Gifford Japan Trust plc to open at £706.42, and during the day (based on 14 day Average True Range), to move between £696.65 and £717.35, which gives a possible trading interval of +/-£10.35 (+/-1.46%) up or down from last closing price. If Baillie Gifford Japan Trust plc takes out the full calculated possible swing range there will be an estimated 2.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £705.00 (0.28%) than the resistance at £714.00 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baillie Gifford Japan Trust plc stock A Buy?
Baillie Gifford Japan Trust plc holds several negative signals and is within a falling trend, so we believe 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 Buy to a Sell candidate.
Current score: -1.524 Sell Candidate Downgraded
Predicted Opening Price for Baillie Gifford Japan Trust plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £706.42 ( 0.0819%) | £707.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGFD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 720.62 | 1.93 % | |
| R2 | 715.20 | 1.16 % | ||
| R1 | 711.85 | 0.686 % | ||
| Current price: | 707.00 | |||
| Support | S1 | 701.00 | -0.85 % | |
| S2 | 697.64 | -1.32 % | ||
| S3 | 692.22 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 737.00 | 4.24 % | |
| R2 | 733.00 | 3.68 % | ||
| R1 | 714.00 | 0.99 % | ||
| Current price | 707.00 | |||
| Support | S1 | 705.00 | -0.283% | |
| S2 | 704.00 | -0.424% | ||
| S3 | 0 | . |
BGFD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.100 | 0.0151% |
| 2 | Oct 19, 2022 | Nov 10, 2022 | Dec 21, 2022 | £9.00 | 1.19% |
| 3 | Oct 14, 2021 | Nov 11, 2021 | Dec 21, 2021 | £6.00 | 0.615% |
| 4 | Oct 07, 2020 | Nov 12, 2020 | Dec 11, 2020 | £4.50 | 0.425% |
| 5 | Oct 09, 2019 | Nov 14, 2019 | Dec 13, 2019 | £3.50 | 0.427% |
FAQ
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