BGEO Group Plc Stock Forecast
BGEO Group Plc stock upgraded to Sell Candidate.
(Updated on May 31, 2024)
The BGEO Group Plc stock price gained 0.82% on the last trading day (Friday, 31st May 2024), rising from £3,680.00 to £3,710.00. During the last trading day the stock fluctuated 3.27% from a day low at £3,670.00 to a day high of £3,790.00. The price has fallen in 7 of the last 10 days and is down by -11.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 279 thousand shares were bought and sold for approximately £1.03 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £3,663.64 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.16% during the next 3 months and, with a 90% probability hold a price between £3,071.46 and £4,269.54 at the end of this 3-month period.
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BGEO.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.82%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BGEO Group 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 £3,880.71 and £4,658.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BGEO Group Plc stock
BGEO Group Plc finds support from accumulated volume at £3,680.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £120.00 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 4.92%.
BGEO Group Plc is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGEO.L) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect BGEO Group Plc to open at £3,723.33, and during the day (based on 14 day Average True Range), to move between £3,497.25 and £3,922.75, which gives a possible trading interval of +/-£212.75 (+/-5.73%) up or down from last closing price. If BGEO Group Plc takes out the full calculated possible swing range there will be an estimated 11.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3,680.00 (0.81%) than the resistance at £4,105.00 (10.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BGEO Group Plc stock A Buy?
BGEO Group Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.055 Sell Candidate Upgraded
Predicted Opening Price for BGEO Group Plc of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| £3,723.33 ( 0.359%) | £3,710.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGEO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,843.33 | 3.59 % | |
| R2 | 3,797.49 | 2.36 % | ||
| R1 | 3,769.17 | 1.59 % | ||
| Current price: | 3,710.00 | |||
| Support | S1 | 3,677.49 | -0.88 % | |
| S2 | 3,649.17 | -1.64 % | ||
| S3 | 3,603.33 | -2.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,185.00 | 12.80 % | |
| R2 | 4,140.00 | 11.59 % | ||
| R1 | 4,105.00 | 10.65 % | ||
| Current price | 3,710.00 | |||
| Support | S1 | 3,680.00 | -0.81% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BGEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2024 | Jul 04, 2024 | Jul 19, 2024 | £144.65 | 3.90% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £173.86 | 5.91% |
| 3 | Oct 06, 2022 | Oct 06, 2022 | Oct 06, 2022 | £58.41 | 2.98% |
| 4 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | £64.98 | 4.98% |
| 5 | Oct 21, 2021 | Oct 21, 2021 | Oct 21, 2021 | £34.24 | 2.23% |
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