Aberdeen New India Investment Trust PLC Trust Forecast
Aberdeen New India Investment Trust PLC trust price up 0.741% on Wednesday
(Updated on Jun 26, 2024)
The Aberdeen New India Investment Trust PLC trust price gained 0.741% on the last trading day (Wednesday, 26th Jun 2024), rising from £810.00 to £816.00. During the last trading day the trust fluctuated 0.591% from a day low at £812.00 to a day high of £816.80. The price has risen in 6 of the last 10 days and is up by 3.03% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 28 thousand shares were bought and sold for approximately £23.08 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 trust lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £819.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the trust is expected to rise 10.40% during the next 3 months and, with a 90% probability hold a price between £851.49 and £905.09 at the end of this 3-month period.
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ANII.L Signals & Forecast
Mostly positive signals in the chart today. 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 £802.00 and £769.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.62%. Further rise is indicated until a new top pivot has been found. 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 trust should be watched closely.
Support, Risk & Stop-loss for Aberdeen New India Investment Trust PLC trust
Aberdeen New India Investment Trust PLC finds support from accumulated volume at £792.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the trust moved £4.80 between high and low, or 0.591%. For the last week, the trust has had daily average volatility of 1.53%.
The Aberdeen New India Investment Trust PLC trust is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some trusts may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the trust manages to break the trend before that occurs.
Our recommended stop-loss: £785.61 (-3.72%) (This trust has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (ANII.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Aberdeen New India Investment Trust PLC to open at £814.93, and during the day (based on 14 day Average True Range), to move between £798.93 and £833.07, which gives a possible trading interval of +/-£17.07 (+/-2.09%) 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 4.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £792.00, some £24.00 (2.94%) from the current price of £816.00, 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: 1.961 Buy Candidate Unchanged
Predicted Opening Price for Aberdeen New India Investment Trust PLC of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £814.93 ( 0.131%) | £816.00 |
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 | 819.73 | 0.458% |
| R2 | 817.90 | 0.233% |
| R1 | 816.77 | 0.0940% |
| Price | 816.00 | |
| S1 | 813.10 | -0.355% |
| S2 | 811.97 | -0.494% |
| S3 | 810.13 | -0.719% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 816.00 | |
| S1 | 792.00 | -2.94% |
| S2 | 764.00 | -6.37% |
| S3 | 728.00 | -10.78% |
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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