British American Tobacco p.l.c. Stock Forecast

Red day on Friday for British American Tobacco p.l.c. stock after losing 0.546%
(Updated on Apr 26, 2024)

BMT.DE Signals & Forecast

There are mixed signals in the stock today. The British American Tobacco p.l.c. 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 27.33€ and 27.58€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.13%. 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).

Support, Risk & Stop-loss for British American Tobacco p.l.c. stock

British American Tobacco p.l.c. finds support from accumulated volume at 27.29€ 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 0.290€ between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BMT.DE) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect British American Tobacco p.l.c. to open at 27.39€, and during the day (based on 14 day Average True Range), to move between 26.91€ and 27.69€, which gives a possible trading interval of +/-0.393€ (+/-1.44%) up or down from last closing price. If British American Tobacco p.l.c. takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 27.29€ (0.04%) than the resistance at 27.37€ (0.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is British American Tobacco p.l.c. stock A Buy?

British American Tobacco p.l.c. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.692 Sell Candidate Unchanged

Predicted Opening Price for British American Tobacco p.l.c. of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.