Aberdeen New India Investment Trust PLC Trust Forecast
Red day on Wednesday for Aberdeen New India Investment Trust PLC trust after losing 0%
(Updated on Jun 19, 2024)
No changes to the price of Aberdeen New India Investment Trust PLC trust on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the trust fluctuated 0% from a day low at £792.00 to a day high of £792.00. The price has risen in 5 of the last 10 days and is up by 8.79% over the past 2 weeks.
The trust lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the trust is expected to rise 7.51% during the next 3 months and, with a 90% probability hold a price between £811.43 and £865.84 at the end of this 3-month period.
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ANII.L Signals & Forecast
The Aberdeen New India Investment Trust PLC trust 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 £788.00 and £762.45. 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). 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 Tuesday, June 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aberdeen New India Investment Trust PLC trust
Aberdeen New India Investment Trust PLC finds support from accumulated volume at £764.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved £0 between high and low, or 0%. For the last week the trust has had daily average volatility of 1.31%
Our recommended stop-loss: £762.38 (-3.74%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (ANII.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Aberdeen New India Investment Trust PLC to open at £792.00, and during the day (based on 14 day Average True Range), to move between £774.10 and £809.90, which gives a possible trading interval of +/-£17.90 (+/-2.26%) up or down from last closing price. If Aberdeen New India Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £764.00, some £28.00 (3.54%) from the current price of £792.00, our system finds the risk reward attractive.
Is Aberdeen New India Investment Trust PLC trust A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aberdeen New India Investment Trust PLC trust to perform well in the short-term.
Current score: 1.368 Buy Candidate Unchanged
Predicted Opening Price for Aberdeen New India Investment Trust PLC of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £792.00 ( 0%) | £792.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANII.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 792.00 | - |
| R2 | 792.00 | - |
| R1 | 792.00 | - |
| Price | 792.00 | |
| S1 | 792.00 | - |
| S2 | 792.00 | - |
| S3 | 792.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 792.00 | |
| S1 | 764.00 | -3.54% |
| S2 | 748.00 | -5.56% |
| S3 | 728.00 | -8.08% |
ANII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 24, 2020 | Oct 01, 2020 | Oct 30, 2020 | £1.00 | 0.216% |
| 2 | Jun 08, 2005 | Jun 15, 2005 | Jul 15, 2005 | £0.700 | 0.651% |
| 3 | Apr 29, 2004 | Jun 02, 2004 | Jul 02, 2004 | £0.700 | 1.03% |
| 4 | Apr 29, 2003 | Jun 04, 2003 | Jul 02, 2003 | £0.300 | 0.524% |
FAQ
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