Brunner Investment Trust PLC Stock Forecast
Green day on Monday for Brunner Investment Trust PLC stock after gaining 1.16%
(Updated on Apr 22, 2024)
The Brunner Investment Trust PLC stock price gained 1.16% on the last trading day (Monday, 22nd Apr 2024), rising from £1,290.00 to £1,305.00. During the last trading day the stock fluctuated 2.57% from a day low at £1,296.00 to a day high of £1,329.25. The price has risen in 4 of the last 10 days and is up by 0.38% 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, 130 thousand more shares were traded than the day before. In total, 159 thousand shares were bought and sold for approximately £207.72 million.
The stock has broken the narrow and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £1,307.23. A reaction back to this level may hold a second chance to get out before further falls.
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BUT.L Signals & Forecast
The Brunner 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 £1,293.57 and £1,281.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 9.21%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, October 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, October 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Brunner Investment Trust PLC stock
Brunner Investment Trust PLC finds support from accumulated volume at £1,290.00 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 £33.25 between high and low, or 2.57%. For the last week the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: £1,254.63 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (BUT.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Brunner Investment Trust PLC to open at £1,310.08, and during the day (based on 14 day Average True Range), to move between £1,271.55 and £1,338.45, which gives a possible trading interval of +/-£33.45 (+/-2.56%) up or down from last closing price. If Brunner Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,290.00, some £15.00 (1.15%) from the current price of £1,305.00, our system finds the risk reward attractive.
Is Brunner Investment Trust 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 Brunner Investment Trust PLC stock to perform well in the short-term.
Current score: 3.565 Buy Candidate Unchanged
Predicted Opening Price for Brunner Investment Trust PLC of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £1,310.08 ( 0.390%) | £1,305.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,343.33 | 2.94 % | |
| R2 | 1,330.63 | 1.96 % | ||
| R1 | 1,322.78 | 1.36 % | ||
| Current price: | 1,305.00 | |||
| Support | S1 | 1,297.38 | -0.584 % | |
| S2 | 1,289.53 | -1.19 % | ||
| S3 | 1,276.83 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,305.00 | |||
| Support | S1 | 1,290.00 | -1.15% | |
| S2 | 1,285.00 | -1.53% | ||
| S3 | 1,255.00 | -3.83% |
BUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 04, 2024 | £6.05 | 0.471% |
| 2 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0555 | 0.0055% |
| 3 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.0555 | 0.0052% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £5.55 | 0.527% |
| 5 | Feb 15, 2023 | Feb 23, 2023 | Apr 04, 2023 | £6.05 | 0.573% |
FAQ
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