Alliance Trust PLC Trust Forecast
Alliance Trust PLC trust price up 0.169% on Monday
(Updated on Jun 17, 2024)
The Alliance Trust PLC trust price gained 0.169% on the last trading day (Monday, 17th Jun 2024), rising from £1,186.00 to £1,188.00. During the last trading day the trust fluctuated 1.10% from a day low at £1,183.04 to a day high of £1,196.00. The price has risen in 5 of the last 10 days but is still down by -1.33% for this period. Volume fell on the last day by -27 thousand shares and in total, 351 thousand shares were bought and sold for approximately £416.43 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 the upper part of a narrow and falling 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 £1,190.05 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the trust is expected to fall -6.16% during the next 3 months and, with a 90% probability hold a price between £1,091.94 and £1,116.80 at the end of this 3-month period. 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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ATST.L Signals & Forecast
There are mixed signals in the trust today. The Alliance 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 £1,210.00. On a fall, the trust will find some support from the short-term average at £1,187.14. 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). A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.678%. Further rise is indicated until a new top pivot has been found. 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 Alliance Trust PLC trust
Alliance Trust PLC finds support from accumulated volume at £1,186.00 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 £12.96 between high and low, or 1.10%. For the last week the trust has had daily average volatility of 1.25%.
Our recommended stop-loss: £1,119.45 (-5.77%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (ATST.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Alliance Trust PLC to open at £1,189.01, and during the day (based on 14 day Average True Range), to move between £1,168.85 and £1,207.15, which gives a possible trading interval of +/-£19.15 (+/-1.61%) up or down from last closing price. If Alliance Trust PLC takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,186.00 (0.17%) than the resistance at £1,196.00 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alliance Trust PLC trust A Buy?
Alliance 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Alliance Trust PLC of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £1,189.01 ( 0.0853%) | £1,188.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATST.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,201.97 | 1.18% |
| R2 | 1,197.02 | 0.759% |
| R1 | 1,193.96 | 0.502% |
| Price | 1,188.00 | |
| S1 | 1,184.06 | -0.331% |
| S2 | 1,181.00 | -0.589% |
| S3 | 1,176.05 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,236.00 | 4.04% |
| R2 | 1,208.00 | 1.68% |
| R1 | 1,196.00 | 0.673% |
| Price | 1,188.00 | |
| S1 | 1,186.00 | -0.168% |
| S2 | 1,184.00 | -0.337% |
| S3 | 1,180.00 | -0.673% |
ATST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 28, 2024 | £6.62 | 0.557% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 28, 2024 | £6.34 | 0.515% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | £6.34 | 0.607% |
| 5 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £6.18 | 0.628% |
FAQ
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