Bankers Investment Trust plc Stock Forecast
Green day on Friday for Bankers Investment Trust plc
(Updated on Apr 26, 2024)
The Bankers Investment Trust plc stock price gained 2.00% on the last trading day (Friday, 26th Apr 2024), rising from £109.80 to £112.00. During the last trading day the stock fluctuated 2.00% from a day low at £109.80 to a day high of £112.00. The price has risen in 5 of the last 10 days and is up by 0.18% 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, 447 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £172.31 million.
The stock lies in the middle of a narrow and 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 7.96% during the next 3 months and, with a 90% probability hold a price between £118.69 and £124.46 at the end of this 3-month period.
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BNKR.L Signals & Forecast
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 £111.06 and £111.03. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.356%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bankers Investment Trust plc stock
Bankers Investment Trust plc finds support from accumulated volume at £111.00 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 £2.20 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: £107.53 (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (BNKR.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Bankers Investment Trust plc to open at £111.27, and during the day (based on 14 day Average True Range), to move between £110.35 and £113.65, which gives a possible trading interval of +/-£1.65 (+/-1.47%) up or down from last closing price. If Bankers Investment Trust plc takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £112.40 (0.36%) than the support at £111.00 (0.89%), 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 Bankers Investment Trust plc stock A Buy?
Bankers Investment Trust plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.184 Hold/Accumulate Unchanged
Predicted Opening Price for Bankers Investment Trust plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £111.27 ( 0.655%) | £112.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNKR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.47 | 1.31 % | |
| R2 | 112.63 | 0.559 % | ||
| R1 | 112.11 | 0.0956 % | ||
| Current price: | 112.00 | |||
| Support | S1 | 110.43 | -1.41 % | |
| S2 | 109.91 | -1.87 % | ||
| S3 | 109.07 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 112.40 | 0.357 % | ||
| Current price | 112.00 | |||
| Support | S1 | 111.00 | -0.89% | |
| S2 | 110.80 | -1.07% | ||
| S3 | 110.40 | -1.43% |
BNKR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 31, 2024 | £0.672 | 0.600% |
| 2 | Jan 25, 2024 | Jan 25, 2024 | Feb 29, 2024 | £0.660 | 0.615% |
| 3 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0066 | 0.0071% |
| 4 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0062 | 0.0062% |
| 5 | Feb 23, 2023 | Apr 27, 2023 | May 31, 2023 | £0.620 | 0.636% |
FAQ
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