British American Tobacco p.l.c. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
British American Tobacco p.l.c. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The British American Tobacco p.l.c. stock price fell by -0.355% on the last day (Thursday, 9th May 2024) from 28.15€ to 28.05€. During the last trading day the stock fluctuated 1.07% from a day low at 27.97€ to a day high of 28.27€. The price has risen in 6 of the last 10 days and is up by 2.07% over the past 2 weeks. 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 -28 thousand shares and in total, 56 thousand shares were bought and sold for approximately 1.57€ million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 28.28€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect British American Tobacco p.l.c. stock with a 90% probability to be traded between 26.05€ and 27.72€ 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BMT.DE Signals & Forecast
The British American Tobacco p.l.c. 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 27.87€ and 27.61€. 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 Wednesday, May 08, 2024, and so far it has fallen -0.355%. 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 British American Tobacco p.l.c. stock
British American Tobacco p.l.c. finds support from accumulated volume at 27.81€ 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 0.300€ between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.28%.
The British American Tobacco p.l.c. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 27.04€ (-3.61%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BMT.DE) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect British American Tobacco p.l.c. to open at 28.10€, and during the day (based on 14 day Average True Range), to move between 27.68€ and 28.42€, which gives a possible trading interval of +/-0.373€ (+/-1.33%) 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 2.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 28.26€ (0.75%) than the support at 27.81€ (0.87%), 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 British American Tobacco p.l.c. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for British American Tobacco p.l.c. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.434 Buy Candidate Upgraded
Predicted Opening Price for British American Tobacco p.l.c. of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
28.10€ ( 0.166%) | 28.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMT.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.40 | 1.24 % | |
R2 | 28.28 | 0.83 % | ||
R1 | 28.21 | 0.575 % | ||
Current price: | 28.05 | |||
Support | S1 | 27.98 | -0.242 % | |
S2 | 27.91 | -0.495 % | ||
S3 | 27.80 | -0.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.40 | 1.25 % | |
R2 | 28.34 | 1.02 % | ||
R1 | 28.26 | 0.749 % | ||
Current price | 28.05 | |||
Support | S1 | 27.81 | -0.87% | |
S2 | 27.45 | -2.14% | ||
S3 | 27.18 | -3.10% |
BMT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 19, 2024 | Dec 19, 2024 | Feb 03, 2025 | 0.689€ | 2.45% |
2 | Sep 26, 2024 | Sep 26, 2024 | Nov 01, 2024 | 0.689€ | 2.45% |
3 | Jun 27, 2024 | Jun 27, 2024 | Aug 02, 2024 | 0.689€ | 2.45% |
4 | Mar 21, 2024 | Mar 21, 2024 | May 02, 2024 | 0.689€ | 2.48% |
5 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | 0.577€ | 1.94% |
FAQ
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