3I Infrastructure Plc Stock Forecast
3I Infrastructure Plc stock price ended at £333.50 on Wednesday, after gaining 0.150%.
(Updated on May 01, 2024)
The 3I Infrastructure Plc stock price gained 0.150% on the last trading day (Wednesday, 1st May 2024), rising from £333.00 to £333.50. During the last trading day the stock fluctuated 0.91% from a day low at £331.00 to a day high of £334.00. The price has been going up and down for this period, and there has been a 2.77% gain for the last 2 weeks. Volume fell on the last day by -431 thousand shares and in total, 778 thousand shares were bought and sold for approximately £259.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £335.18 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect 3I Infrastructure Plc stock with a 90% probability to be traded between £318.56 and £333.48 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. 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.
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3IN.L Signals & Forecast
The 3I Infrastructure Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £329.36 and £326.06. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for 3I Infrastructure Plc stock
3I Infrastructure Plc finds support from accumulated volume at £327.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £3.00 between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: £322.96 (-3.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (3IN.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect 3I Infrastructure Plc to open at £332.83, and during the day (based on 14 day Average True Range), to move between £329.49 and £337.51, which gives a possible trading interval of +/-£4.01 (+/-1.20%) up or down from last closing price. If 3I Infrastructure Plc takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £334.50 (0.30%) than the support at £327.50 (1.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
3I Infrastructure Plc will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for 3I Infrastructure Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.87% in the first trading day after earnings release.
Is 3I Infrastructure Plc stock A Buy?
3I Infrastructure Plc holds several positive signals, but we still don't 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: -0.176 Hold/Accumulate Unchanged
Predicted Opening Price for 3I Infrastructure Plc of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
£332.83 ( 0.200%) | £333.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3IN.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 335.83 | 0.700 % | |
R2 | 334.69 | 0.356 % | ||
R1 | 333.98 | 0.144 % | ||
Current price: | 333.50 | |||
Support | S1 | 331.69 | -0.544 % | |
S2 | 330.98 | -0.756 % | ||
S3 | 329.83 | -1.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 336.50 | 0.90 % | |
R2 | 335.00 | 0.450 % | ||
R1 | 334.50 | 0.300 % | ||
Current price | 333.50 | |||
Support | S1 | 327.50 | -1.80% | |
S2 | 325.50 | -2.40% | ||
S3 | 325.00 | -2.55% |
3IN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0.0595 | 0.0183% |
2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £5.58 | 1.80% |
3 | Nov 08, 2022 | Nov 24, 2022 | Jan 12, 2023 | £5.58 | 1.67% |
4 | May 10, 2022 | Jun 16, 2022 | Jul 11, 2022 | £5.23 | 1.57% |
5 | Nov 09, 2021 | Nov 25, 2021 | Jan 10, 2022 | £5.23 | 1.46% |
FAQ
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