Barratt Developments plc Stock 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
Barratt Developments plc stock price ended at £478.70 on Friday, after gaining 4.00%.
(Updated on May 03, 2024)
The Barratt Developments plc stock price gained 4.00% on the last trading day (Friday, 3rd May 2024), rising from £460.30 to £478.70. During the last trading day the stock fluctuated 5.14% from a day low at £457.50 to a day high of £481.00. The price has risen in 6 of the last 10 days and is up by 8.43% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 5 million shares were bought and sold for approximately £2.45 billion. 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 stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.46% during the next 3 months and, with a 90% probability hold a price between £402.66 and £454.43 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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BDEV.L Signals & Forecast
The Barratt Developments plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £458.34 and £462.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.43%. 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 stock should be watched closely.
Support, Risk & Stop-loss for Barratt Developments plc stock
Barratt Developments plc finds support from accumulated volume at £478.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £23.50 between high and low, or 5.14%. For the last week the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: £461.68 (-3.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (BDEV.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Barratt Developments plc to open at £472.40, and during the day (based on 14 day Average True Range), to move between £467.35 and £490.05, which gives a possible trading interval of +/-£11.35 (+/-2.37%) up or down from last closing price. If Barratt Developments plc takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £479.00 (0.06%) than the support at £478.00 (0.15%), 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 Barratt Developments plc stock A Buy?
Barratt Developments 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 Barratt Developments plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £472.40 ( 1.32%) | £478.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDEV.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 495.90 | 3.59 % | |
| R2 | 486.92 | 1.72 % | ||
| R1 | 481.38 | 0.559 % | ||
| Current price: | 478.70 | |||
| Support | S1 | 463.42 | -3.19 % | |
| S2 | 457.88 | -4.35 % | ||
| S3 | 448.90 | -6.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 530.00 | 10.72 % | |
| R2 | 501.00 | 4.66 % | ||
| R1 | 479.00 | 0.0627 % | ||
| Current price | 478.70 | |||
| Support | S1 | 478.00 | -0.146% | |
| S2 | 466.50 | -2.55% | ||
| S3 | 446.30 | -6.77% |
BDEV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2023 | Apr 06, 2023 | May 18, 2023 | £10.20 | 2.01% |
| 2 | Sep 07, 2022 | Sep 29, 2022 | Nov 04, 2022 | £25.70 | 6.61% |
| 3 | Feb 09, 2022 | Apr 07, 2022 | May 18, 2022 | £11.20 | 2.31% |
| 4 | Sep 02, 2021 | Sep 30, 2021 | Nov 09, 2021 | £21.90 | 3.37% |
| 5 | Feb 04, 2021 | Apr 15, 2021 | May 10, 2021 | £7.50 | 0.96% |
FAQ
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