Alliance Trust PLC Trust Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Alliance Trust PLC trust downgraded to Sell Candidate
(Updated on Jun 19, 2024)
No changes to the price of Alliance 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 £1,198.00 to a day high of £1,198.00. The price has risen in 5 of the last 10 days and is up by 1.18% over the past 2 weeks.
The trusthas broken the narrow and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £1,194.64, a level that may pose a second chance to hit a runner. According to fan-theory £1,229.43 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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 £1,208.91. On a fall, the trust will find some support from the short-term average at £1,189.14. 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. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Alliance Trust PLC trust
Alliance Trust PLC finds support from accumulated volume at £1,188.00 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 0.93%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATST.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Alliance Trust PLC to open at £1,198.00, and during the day (based on 14 day Average True Range), to move between £1,180.79 and £1,215.21, which gives a possible trading interval of +/-£17.21 (+/-1.44%) up or down from last closing price. If Alliance Trust PLC takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,208.00 (0.83%) than the support at £1,188.00 (0.83%), 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.
Is Alliance Trust PLC trust A Buy?
Alliance Trust PLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.875 Sell Candidate Downgraded
Predicted Opening Price for Alliance Trust PLC of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£1,198.00 ( 0%) | £1,198.00 |
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 | 1,198.00 | - |
R2 | 1,198.00 | - |
R1 | 1,198.00 | - |
Price | 1,198.00 | |
S1 | 1,198.00 | - |
S2 | 1,198.00 | - |
S3 | 1,198.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,246.00 | 4.01% |
R2 | 1,236.00 | 3.17% |
R1 | 1,208.00 | 0.83% |
Price | 1,198.00 | |
S1 | 1,188.00 | -0.83% |
S2 | 1,186.00 | -1.00% |
S3 | 1,180.00 | -1.50% |
ATST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 28, 2024 | £6.62 | 0.554% |
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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