Ecclesiastical Insurance Office PLC Stock Forecast
Green day on Monday for Ecclesiastical Insurance Office PLC stock after gaining 0.99%
(Updated on May 20, 2024)
The Ecclesiastical Insurance Office PLC stock price gained 0.99% on the last trading day (Monday, 20th May 2024), rising from £131.70 to £133.00. During the last trading day the stock fluctuated 0.99% from a day low at £131.70 to a day high of £133.00. The price has been going up and down for this period, and there has been a 1.92% 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, 20 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately £5.90 million.
The stock is moving within a narrow and 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 £127.89 and £132.23 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ELLA.L Signals & Forecast
Mostly positive signals in the chart today. The Ecclesiastical Insurance Office 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 £131.46 and £131.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.92%. 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 Thursday, May 16, 2024 in the short-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
The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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 Ecclesiastical Insurance Office PLC stock
Ecclesiastical Insurance Office PLC finds support from accumulated volume at £131.50 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 £1.30 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: £125.92 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (ELLA.L) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Ecclesiastical Insurance Office PLC 8.625 % Non-Cum.Irred.Pref.Shs to open at £132.57, and during the day (based on 14 day Average True Range), to move between £130.86 and £135.14, which gives a possible trading interval of +/-£2.14 (+/-1.61%) 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 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £133.50 (0.38%) than the support at £131.50 (1.13%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ecclesiastical Insurance Office PLC stock to perform well in the short-term period.
Current score: 2.890 Buy Candidate Unchanged
Predicted Opening Price for Ecclesiastical Insurance Office PLC 8.625 % Non-Cum.Irred.Pref.Shs of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| £132.57 ( 0.326%) | £133.00 |
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 | 133.87 | 0.652 % | |
| R2 | 133.37 | 0.278 % | ||
| R1 | 133.06 | 0.0476 % | ||
| Current price: | 133.00 | |||
| Support | S1 | 132.07 | -0.699 % | |
| S2 | 131.76 | -0.93 % | ||
| S3 | 131.27 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.50 | 1.13 % | |
| R2 | 133.70 | 0.526 % | ||
| R1 | 133.50 | 0.376 % | ||
| Current price | 133.00 | |||
| Support | S1 | 131.50 | -1.13% | |
| S2 | 131.00 | -1.50% | ||
| S3 | 130.50 | -1.88% |
ELLA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jul 01, 2024 | £4.31 | 3.24% |
| 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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