Tritax Eurobox Plc Stock Forecast
Green day on Tuesday for Tritax Eurobox Plc
(Updated on Jun 25, 2024)
The Tritax Eurobox Plc stock price gained 1.50% on the last trading day (Tuesday, 25th Jun 2024), rising from £0.700 to £0.710. During the last trading day the stock fluctuated 2.42% from a day low at £0.703 to a day high of £0.720. The price has been going up and down for this period, and there has been a 1.57% gain for the last 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 89 thousand shares were bought and sold for approximately £62.85 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 20.05% during the next 3 months and, with a 90% probability hold a price between £0.788 and £0.92 at the end of this 3-month period.
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BOXE.L Signals & Forecast
The Tritax Eurobox 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 £0.693 and £0.690. 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 Monday, June 03, 2024, and so far it has fallen -3.79%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tritax Eurobox Plc stock
Tritax Eurobox Plc finds support from accumulated volume at £0.690 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.0170 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: £0.684 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (BOXE.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tritax Eurobox Plc to open at £0.711, and during the day (based on 14 day Average True Range), to move between £0.682 and £0.738, which gives a possible trading interval of +/-£0.0277 (+/-3.90%) up or down from last closing price. If Tritax Eurobox Plc takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.720 (1.41%) than the support at £0.690 (2.82%), 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 Tritax Eurobox Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tritax Eurobox Plc stock to perform well in the short-term.
Current score: 3.828 Buy Candidate Unchanged
Predicted Opening Price for Tritax Eurobox Plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £0.711 ( 0.141%) | £0.710 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOXE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.728 | 2.53% |
| R2 | 0.722 | 1.62% |
| R1 | 0.717 | 1.06% |
| Price | 0.710 | |
| S1 | 0.705 | -0.773% |
| S2 | 0.701 | -1.34% |
| S3 | 0.694 | -2.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.731 | 2.89% |
| R2 | 0.725 | 2.11% |
| R1 | 0.720 | 1.41% |
| Price | 0.710 | |
| S1 | 0.690 | -2.82% |
| S2 | 0.598 | -15.77% |
| S3 | 0.590 | -16.90% |
BOXE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 21, 2024 | £0.0125 | 1.80% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | £0.0125 | 2.06% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 12, 2024 | £0.0125 | 1.86% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Sep 08, 2023 | £0.0125 | 2.06% |
| 5 | May 25, 2023 | May 25, 2023 | Jun 23, 2023 | £0.0108 | 1.77% |
FAQ
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