Brunner Investment Trust PLC Stock Forecast
Stronger technical forecast for Brunner Investment Trust PLC stock price after Friday trading.
(Updated on May 03, 2024)
The Brunner Investment Trust PLC stock price gained 1.92% on the last trading day (Friday, 3rd May 2024), rising from £1,300.00 to £1,325.00. During the last trading day the stock fluctuated 1.91% from a day low at £1,310.00 to a day high of £1,335.00. The price has been going up and down for this period, and there has been a 2.71% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 110 thousand shares were bought and sold for approximately £145.13 million.
The stock lies in the middle of a narrow 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 10.02% during the next 3 months and, with a 90% probability hold a price between £1,434.91 and £1,488.11 at the end of this 3-month period.
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BUT.L Signals & Forecast
Mostly positive signals in the chart today. 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 £1,309.29 and £1,294.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.52%. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 £1,300.00 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 £25.00 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: £1,254.94 (-5.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (BUT.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Brunner Investment Trust PLC to open at £1,323.33, and during the day (based on 14 day Average True Range), to move between £1,291.27 and £1,358.73, which gives a possible trading interval of +/-£33.73 (+/-2.55%) 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 5.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,300.00, some £25.00 (1.89%) from the current price of £1,325.00, our system finds the risk reward attractive.
Is Brunner Investment Trust PLC stock A Buy?
Brunner Investment Trust PLC holds several positive signals and is within a strong 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 8.785 Strong Buy Candidate Upgraded
Predicted Opening Price for Brunner Investment Trust PLC of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £1,323.33 ( 0.126%) | £1,325.00 |
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 | 1,348.33 | 1.76 % | |
| R2 | 1,338.78 | 1.04 % | ||
| R1 | 1,332.88 | 0.595 % | ||
| Current price: | 1,325.00 | |||
| Support | S1 | 1,313.78 | -0.85 % | |
| S2 | 1,307.88 | -1.29 % | ||
| S3 | 1,298.33 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,325.00 | |||
| Support | S1 | 1,300.00 | -1.89% | |
| S2 | 1,290.00 | -2.64% | ||
| S3 | 1,285.00 | -3.02% |
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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