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
Green day on Friday for British American Tobacco p.l.c.
(Updated on May 10, 2024)
The British American Tobacco p.l.c. stock price gained 1.18% on the last trading day (Friday, 10th May 2024), rising from 28.05€ to 28.38€. During the last trading day the stock fluctuated 1.13% from a day low at 28.21€ to a day high of 28.53€. The price has risen in 7 of the last 10 days and is up by 3.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 115 thousand shares were bought and sold for approximately 3.28€ million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 28.32€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 30.06€ sometime during the next 3 months.
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BMT.F Signals & Forecast
Mostly positive signals in the chart today. 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 27.96€ and 27.60€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.17%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
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 0.320€ between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.22%.
The British American Tobacco p.l.c. stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 26.94€ (-5.07%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (BMT.F) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect British American Tobacco p.l.c. to open at 28.37€, and during the day (based on 14 day Average True Range), to move between 28.00€ and 28.76€, which gives a possible trading interval of +/-0.381€ (+/-1.34%) 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 2.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 28.40€ (0.07%) than the support at 27.81€ (2.03%), 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 the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. 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.
Current score: 2.632 Buy Candidate Unchanged
Predicted Opening Price for British American Tobacco p.l.c. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 28.37€ ( 0.0235%) | 28.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMT.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.69 | 1.10 % | |
| R2 | 28.57 | 0.673 % | ||
| R1 | 28.50 | 0.407 % | ||
| Current price: | 28.38 | |||
| Support | S1 | 28.25 | -0.454 % | |
| S2 | 28.18 | -0.720 % | ||
| S3 | 28.05 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.64 | 0.92 % | |
| R2 | 28.61 | 0.793 % | ||
| R1 | 28.40 | 0.0705 % | ||
| Current price | 28.38 | |||
| Support | S1 | 27.81 | -2.03% | |
| S2 | 27.45 | -3.28% | ||
| S3 | 27.18 | -4.23% |
BMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 02, 2024 | 0.686€ | 0% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | May 02, 2024 | 0.689€ | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | 0.577€ | 0% |
| 4 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | 0.577€ | 0% |
| 5 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | 0.577€ | 0% |
FAQ
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