F&C Investment Trust PLC Trust Forecast
F&C Investment Trust PLC trust downgraded to Sell Candidate
(Updated on Jun 19, 2024)
The F&C Investment Trust PLC trust price fell by -0.789% on the last day (Wednesday, 19th Jun 2024) from £1,014.00 to £1,006.00. During the last trading day the trust fluctuated 0% from a day low at £1,006.00 to a day high of £1,006.00. The price has risen in 6 of the last 10 days and is up by 1.21% over the past 2 weeks. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -751 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
The trust lies the upper part of a narrow and falling 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 £1,012.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the trust is expected to fall -3.73% during the next 3 months and, with a 90% probability hold a price between £941.50 and £974.42 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FCIT.L Signals & Forecast
There are mixed signals in the trust today. The F&C Investment Trust PLC trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at £1,012.64. On a fall, the trust will find some support from the short-term average at £1,003.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.789%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for F&C Investment Trust PLC trust
F&C Investment Trust PLC finds support from accumulated volume at £1,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved £0 between high and low, or 0%. For the last week the trust has had daily average volatility of 1.21%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FCIT.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect F&C Investment Trust PLC to open at £1,006.00, and during the day (based on 14 day Average True Range), to move between £991.09 and £1,020.91, which gives a possible trading interval of +/-£14.91 (+/-1.48%) up or down from last closing price. If F&C Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,000.00 (0.60%) than the resistance at £1,014.00 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is F&C Investment Trust PLC trust A Buy?
F&C Investment Trust 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 trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Buy to a Sell candidate.
Current score: -3.590 Sell Candidate Downgraded
Predicted Opening Price for F&C Investment Trust PLC of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £1,006.00 ( 0%) | £1,006.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCIT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,006.00 | - |
| R2 | 1,006.00 | - |
| R1 | 1,006.00 | - |
| Price | 1,006.00 | |
| S1 | 1,006.00 | - |
| S2 | 1,006.00 | - |
| S3 | 1,006.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,024.00 | 1.79% |
| R2 | 1,018.00 | 1.19% |
| R1 | 1,014.00 | 0.795% |
| Price | 1,006.00 | |
| S1 | 1,000.00 | -0.596% |
| S2 | 994.00 | -1.19% |
| S3 | 991.00 | -1.49% |
FCIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 09, 2024 | £4.50 | 0.436% |
| 2 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | £0 | 0% |
| 3 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | £0.0340 | 0.0039% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £3.40 | 0.393% |
| 5 | Mar 09, 2023 | Apr 06, 2023 | May 11, 2023 | £3.90 | 0.436% |
FAQ
Click here for our free guide on how to buy F&C Investment Trust PLC Trust.
