Avi Global Trust Plc Trust Forecast

Stronger technical forecast for Avi Global Trust Plc trust price after Friday trading.
(Updated on Jun 28, 2024)

AGT.L Signals & Forecast

There are mixed signals in the trust today. The Avi Global Trust Plc trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at £241.01. On a fall, the trust will find some support from the short-term average at £236.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the trust should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.85%. Further rise is indicated until a new top pivot has been found. The trust had a Golden Star Signal on Wednesday, July 12, 2023 in the long-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 trust in question.

Support, Risk & Stop-loss for Avi Global Trust Plc trust

Avi Global Trust Plc finds support from accumulated volume at £236.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved £2.50 between high and low, or 1.06%. For the last week the trust has had daily average volatility of 0.81%.

Our recommended stop-loss: £224.42 (-5.31%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (AGT.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Avi Global Trust Plc to open at £236.83, and during the day (based on 14 day Average True Range), to move between £234.44 and £239.56, which gives a possible trading interval of +/-£2.56 (+/-1.08%) up or down from last closing price. If Avi Global Trust Plc takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £236.00 (0.42%) than the resistance at £239.00 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Avi Global Trust Plc trust A Buy?

Avi Global Trust 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. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Avi Global Trust Plc of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.