The Bankers Investment Trust PLC Stock Forecast
Red day on Friday for The Bankers Investment Trust PLC
(Updated on May 10, 2024)
The The Bankers Investment Trust PLC stock price fell by -0.422% on the last day (Friday, 10th May 2024) from $2.37 to $2.36. During the last trading day the stock fluctuated 0.85% from a day low at $2.36 to a day high of $2.38. The price has risen in 5 of the last 10 days and is up by 1.72% over the past 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 thousand shares were bought and sold for approximately $95.77 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.83% during the next 3 months and, with a 90% probability hold a price between $2.52 and $2.70 at the end of this 3-month period.
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BIT.NZ Signals & Forecast
The The Bankers Investment Trust PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.36 and $2.33. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.84%. Further fall is indicated until a new bottom pivot has been found. The Bankers Investment Trust PLC gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for The Bankers Investment Trust PLC stock
The Bankers Investment Trust PLC finds support from accumulated volume at $2.34 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 $0.0200 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 0.679%.
Our recommended stop-loss: $2.29 (-2.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (BIT.NZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect The Bankers Investment Trust PLC to open at $2.37, and during the day (based on 14 day Average True Range), to move between $2.33 and $2.39, which gives a possible trading interval of +/-$0.0277 (+/-1.17%) up or down from last closing price. If The Bankers Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.37 (0.42%) than the support at $2.34 (0.85%), 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 The Bankers Investment Trust PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Bankers Investment Trust PLC stock to perform well in the short-term.
Current score: 2.119 Buy Candidate Unchanged
Predicted Opening Price for The Bankers Investment Trust PLC of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $2.37 ( 0.282%) | $2.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIT.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.39 | 1.13 % | |
| R2 | 2.38 | 0.81 % | ||
| R1 | 2.37 | 0.606 % | ||
| Current price: | 2.36 | |||
| Support | S1 | 2.36 | -0.0412 % | |
| S2 | 2.35 | -0.241 % | ||
| S3 | 2.35 | -0.565 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 2.38 | 0.85 % | ||
| R1 | 2.37 | 0.424 % | ||
| Current price | 2.36 | |||
| Support | S1 | 2.34 | -0.85% | |
| S2 | 2.32 | -1.69% | ||
| S3 | 2.16 | -8.47% |
BIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 31, 2024 | $0.0137 | 0.582% |
| 2 | Apr 24, 2024 | Apr 24, 2024 | May 31, 2024 | $0.0067 | 0.285% |
| 3 | Jan 25, 2024 | Jan 25, 2024 | Feb 29, 2024 | $0.0137 | 0.618% |
| 4 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | $0.0129 | 0.618% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | $0.0126 | 0.619% |
FAQ
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