Bunzl plc 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
Bunzl plc stock price ended at £3,022.00 on Friday, after losing 0%.
(Updated on May 24, 2024)
No changes to the price of Bunzl plc stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 1.54% from a day low at £2,986.00 to a day high of £3,032.00. The price has fallen in 7 of the last 10 days and is down by -5.09% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bunzl plc stock with a 90% probability to be traded between £2,906.65 and £3,170.16 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.
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BNZL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bunzl plc 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 £3,035.71 and £3,046.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bunzl plc stock
Bunzl plc finds support from accumulated volume at £3,004.00 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 £46.00 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNZL.L) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Bunzl plc to open at £3,013.33, and during the day (based on 14 day Average True Range), to move between £2,973.22 and £3,070.78, which gives a possible trading interval of +/-£48.78 (+/-1.61%) up or down from last closing price. If Bunzl plc takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3,038.00 (0.53%) than the support at £3,004.00 (0.60%), 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 Bunzl plc stock A Buy?
Bunzl plc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.699 Sell Candidate Unchanged
Predicted Opening Price for Bunzl plc of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| £3,013.33 ( 0.287%) | £3,022.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNZL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,059.33 | 1.24 % | |
| R2 | 3,041.76 | 0.654 % | ||
| R1 | 3,030.91 | 0.295 % | ||
| Current price: | 3,022.00 | |||
| Support | S1 | 2,995.76 | -0.87 % | |
| S2 | 2,984.91 | -1.23 % | ||
| S3 | 2,967.33 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,153.00 | 4.33 % | |
| R2 | 3,044.00 | 0.728 % | ||
| R1 | 3,038.00 | 0.529 % | ||
| Current price | 3,022.00 | |||
| Support | S1 | 3,004.00 | -0.596% | |
| S2 | 2,974.00 | -1.59% | ||
| S3 | 2,968.00 | -1.79% |
BNZL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jul 02, 2024 | £50.10 | 1.66% |
| 2 | Feb 27, 2023 | May 18, 2023 | Jul 04, 2023 | £45.40 | 1.54% |
| 3 | Aug 30, 2022 | Nov 17, 2022 | Jan 04, 2023 | £17.30 | 0.605% |
| 4 | Feb 28, 2022 | May 19, 2022 | Jul 04, 2022 | £40.80 | 1.48% |
| 5 | Aug 31, 2021 | Nov 18, 2021 | Jan 05, 2022 | £16.20 | 0.564% |
FAQ
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