Ecclesiastical Insurance Office PLC Stock Forecast
Ecclesiastical Insurance Office PLC stock price down 0.760% on Monday
(Updated on Apr 29, 2024)
The Ecclesiastical Insurance Office PLC stock price fell by -0.760% on the last day (Monday, 29th Apr 2024) from £131.50 to £130.50. During the last trading day the stock fluctuated 3.91% from a day low at £128.00 to a day high of £133.00. The price has risen in 4 of the last 10 days and is up by 0.38% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -392 thousand shares and in total, 95 thousand shares were bought and sold for approximately £12.35 million.
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 Ecclesiastical Insurance Office PLC stock with a 90% probability to be traded between £126.59 and £133.49 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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ELLA.L Signals & Forecast
There are mixed signals in the stock today. The Ecclesiastical Insurance Office 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 £130.99 and £131.75. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Ecclesiastical Insurance Office PLC stock
Ecclesiastical Insurance Office PLC finds support from accumulated volume at £130.00 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 £5.00 between high and low, or 3.91%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELLA.L) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Ecclesiastical Insurance Office PLC 8.625 % Non-Cum.Irred.Pref.Shs to open at £130.50, and during the day (based on 14 day Average True Range), to move between £127.62 and £133.38, which gives a possible trading interval of +/-£2.88 (+/-2.21%) up or down from last closing price. If Ecclesiastical Insurance Office PLC 8.625 % Non-Cum.Irred.Pref.Shs takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £131.00 (0.38%) than the support at £130.00 (0.38%), 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 Ecclesiastical Insurance Office PLC 8.625 % Non-Cum.Irred.Pref.Shs stock A Buy?
Ecclesiastical Insurance Office PLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.695 Sell Candidate Unchanged
Predicted Opening Price for Ecclesiastical Insurance Office PLC 8.625 % Non-Cum.Irred.Pref.Shs of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| £130.50 ( 0%) | £130.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELLA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.50 | 3.83 % | |
| R2 | 133.59 | 2.37 % | ||
| R1 | 132.41 | 1.46 % | ||
| Current price: | 130.50 | |||
| Support | S1 | 128.59 | -1.46 % | |
| S2 | 127.41 | -2.37 % | ||
| S3 | 125.50 | -3.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.00 | 1.15 % | |
| R2 | 131.50 | 0.766 % | ||
| R1 | 131.00 | 0.383 % | ||
| Current price | 130.50 | |||
| Support | S1 | 130.00 | -0.383% | |
| S2 | 129.50 | -0.766% | ||
| S3 | 129.00 | -1.15% |
ELLA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jul 01, 2024 | £4.31 | 3.30% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £4.31 | 3.49% |
| 3 | May 25, 2023 | May 25, 2023 | Jun 30, 2023 | £4.31 | 3.61% |
| 4 | Dec 01, 2022 | Dec 01, 2022 | Dec 01, 2022 | £4.31 | 3.48% |
| 5 | May 26, 2022 | May 26, 2022 | May 26, 2022 | £4.31 | 3.33% |
FAQ
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