Beazley plc Stock Forecast
Beazley plc stock price down 1.56% on Friday
(Updated on May 03, 2024)
The Beazley plc stock price fell by -1.56% on the last day (Friday, 3rd May 2024) from £639.50 to £629.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.62% from a day low at £629.50 to a day high of £646.00. The price has fallen in 7 of the last 10 days and is down by -4.84% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 3 million shares were bought and sold for approximately £1.80 billion.
Given the current short-term trend, the stock is expected to rise 13.89% during the next 3 months and, with a 90% probability hold a price between £716.96 and £838.18 at the end of this 3-month period.
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BEZ.L Signals & Forecast
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. The Beazley plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £649.29 and £664.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -9.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Beazley plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £573.50 and £556.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Beazley plc finds support just below today's level at £573.50. If this is broken, then the next support from accumulated volume will be at £556.50 and £551.00.
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 £16.50 between high and low, or 2.62%. For the last week the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BEZ.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Beazley plc to open at £635.00, and during the day (based on 14 day Average True Range), to move between £610.96 and £648.04, which gives a possible trading interval of +/-£18.54 (+/-2.95%) up or down from last closing price. If Beazley plc takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £646.00 (2.62%) than the support at £573.50 (8.90%), 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 Beazley plc stock A Buy?
The Beazley plc stock holds several negative signals and despite the positive trend, we believe Beazley plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.257 Sell Candidate Unchanged
Predicted Opening Price for Beazley plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £635.00 ( 0.87%) | £629.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEZ.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 651.50 | 3.49 % | |
| R2 | 645.20 | 2.49 % | ||
| R1 | 641.30 | 1.87 % | ||
| Current price: | 629.50 | |||
| Support | S1 | 628.70 | -0.128 % | |
| S2 | 624.80 | -0.746 % | ||
| S3 | 618.50 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 684.00 | 8.66 % | |
| R2 | 669.50 | 6.35 % | ||
| R1 | 646.00 | 2.62 % | ||
| Current price | 629.50 | |||
| Support | S1 | 573.50 | -8.90% | |
| S2 | 556.50 | -11.60% | ||
| S3 | 551.00 | -12.47% |
BEZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 02, 2023 | Mar 09, 2023 | Apr 28, 2023 | £13.50 | 2.27% |
| 2 | Feb 10, 2022 | Feb 17, 2022 | Mar 30, 2022 | £12.90 | 3.01% |
| 3 | Feb 06, 2020 | Feb 27, 2020 | Mar 30, 2020 | £8.20 | 2.13% |
| 4 | Jul 23, 2019 | Aug 01, 2019 | Aug 29, 2019 | £4.10 | 0.718% |
| 5 | Feb 07, 2019 | Feb 28, 2019 | Mar 27, 2019 | £7.80 | 1.52% |
FAQ
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