British Land Company plc Stock Forecast
Green day on Friday for British Land Company plc
(Updated on May 03, 2024)
The British Land Company plc stock price gained 2.14% on the last trading day (Friday, 3rd May 2024), rising from $4.91 to $5.02. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.61% from a day low at $4.95 to a day high of $5.03. The price has risen in 7 of the last 10 days and is up by 6.93% 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, 579 more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $51.96 thousand.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.06 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.67% during the next 3 months and, with a 90% probability hold a price between $4.82 and $5.35 at the end of this 3-month period.
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BTLCY Signals & Forecast
Mostly positive signals in the chart today. The British Land Company 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 $4.88 and $4.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.74%. 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). British Land Company plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for British Land Company plc stock
British Land Company plc finds support from accumulated volume at $4.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0797 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: $4.82 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (BTLCY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect British Land Company plc to open at $5.00, and during the day (based on 14 day Average True Range), to move between $4.92 and $5.11, which gives a possible trading interval of +/-$0.0907 (+/-1.81%) up or down from last closing price. If British Land Company plc takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.91, some $0.105 (2.09%) from the current price of $5.02, our system finds the risk reward attractive.
Is British Land Company plc stock A Buy?
British Land Company plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.487 Strong Buy Candidate Unchanged
Predicted Opening Price for British Land Company plc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.00 ( 0.330%) | $5.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTLCY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.08 | 1.26 % | |
| R2 | 5.05 | 0.652 % | ||
| R1 | 5.03 | 0.277 % | ||
| Current price: | 5.02 | |||
| Support | S1 | 4.97 | -0.94 % | |
| S2 | 4.95 | -1.31 % | ||
| S3 | 4.92 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.02 | |||
| Support | S1 | 4.91 | -2.09% | |
| S2 | 4.78 | -4.69% | ||
| S3 | 4.61 | -8.08% |
BTLCY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 22, 2023 | Nov 22, 2023 | Jan 16, 2024 | $0.105 | 2.12% |
| 2 | Jun 22, 2023 | Jun 22, 2023 | Aug 07, 2023 | $0.138 | 3.25% |
| 3 | Nov 22, 2022 | Nov 25, 2022 | Jan 17, 2023 | $0.137 | 2.46% |
| 4 | Jun 17, 2022 | Jun 23, 2022 | Aug 08, 2022 | $0.146 | 2.57% |
| 5 | Nov 26, 2021 | Nov 26, 2021 | Nov 26, 2021 | $0.139 | 2.01% |
FAQ
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