Baillie Gifford European Growth Trust Stock Forecast
Red day on Wednesday for Baillie Gifford European Growth Trust
(Updated on Jun 19, 2024)
The Baillie Gifford European Growth Trust stock price fell by -0.312% on the last day (Wednesday, 19th Jun 2024) from £96.30 to £96.00. During the last trading day the stock fluctuated 0% from a day low at £96.00 to a day high of £96.00. The price has fallen in 7 of the last 10 days and is down by -3.61% 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 -1 million shares and in total, 0 shares were bought and sold for approximately £0 .
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £95.00 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Baillie Gifford European Growth Trust stock with a 90% probability to be traded between £96.59 and £103.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BGEU.L Signals & Forecast
The Baillie Gifford European Growth Trust 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 £97.00 and £98.39. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Baillie Gifford European Growth Trust stock
Baillie Gifford European Growth Trust finds support from accumulated volume at £95.70 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 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 stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.30%
Our recommended stop-loss: £89.99 (-6.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BGEU.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Baillie Gifford European Growth Trust Plc to open at £96.00, and during the day (based on 14 day Average True Range), to move between £94.24 and £97.76, which gives a possible trading interval of +/-£1.76 (+/-1.84%) up or down from last closing price. If Baillie Gifford European Growth Trust Plc takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £95.70 (0.31%) than the resistance at £97.20 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baillie Gifford European Growth Trust Plc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.941 Buy Candidate Unchanged
Predicted Opening Price for Baillie Gifford European Growth Trust Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £96.00 ( 0%) | £96.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGEU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96.00 | - |
| R2 | 96.00 | - |
| R1 | 96.00 | - |
| Price | 96.00 | |
| S1 | 96.00 | - |
| S2 | 96.00 | - |
| S3 | 96.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.60 | 4.79% |
| R2 | 98.35 | 2.45% |
| R1 | 97.20 | 1.25% |
| Price | 96.00 | |
| S1 | 95.70 | -0.312% |
| S2 | 95.50 | -0.521% |
| S3 | 94.80 | -1.25% |
BGEU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Jan 04, 2024 | Feb 02, 2024 | £0.400 | 0.434% |
| 2 | Aug 17, 2023 | Aug 17, 2023 | Sep 15, 2023 | £2.20 | 2.55% |
| 3 | Nov 22, 2022 | Jan 05, 2023 | Feb 10, 2023 | £0.700 | 0.718% |
| 4 | Nov 24, 2021 | Jan 06, 2022 | Feb 11, 2022 | £0.350 | 0.295% |
| 5 | Nov 25, 2020 | Jan 07, 2021 | Jan 29, 2021 | £0.350 | 0.255% |
FAQ
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