Fuller Smith & Turner P.L.C. Class A Stock Forecast
Fuller Smith & Turner P.L.C. Class A stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Fuller Smith & Turner P.L.C. Class A stock price gained 0.87% on the last trading day (Tuesday, 2nd Jul 2024), rising from £692.00 to £698.00. During the last trading day the stock fluctuated 3.21% from a day low at £686.00 to a day high of £708.00. The price has been going up and down for this period, and there has been a -1.13% loss 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, 230 thousand more shares were traded than the day before. In total, 296 thousand shares were bought and sold for approximately £206.31 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £694.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.60% during the next 3 months and, with a 90% probability hold a price between £844.16 and £917.82 at the end of this 3-month period.
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FSTA.L Signals & Forecast
The Fuller Smith & Turner P.L.C. Class A 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 £696.29 and £694.17. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -4.12%. 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).
Support, Risk & Stop-loss for Fuller Smith & Turner P.L.C. Class A stock
On the downside, the stock finds support just below today's level from accumulated volume at £634.00 and £616.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fuller Smith & Turner P.L.C. Class A finds support just below today's level at £634.00. If this is broken, then the next support from accumulated volume will be at £616.00 and £602.00.
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 £22.00 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: £665.11 (-4.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (FSTA.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Fuller Smith & Turner P.L.C. Class A to open at £697.33, and during the day (based on 14 day Average True Range), to move between £680.42 and £715.58, which gives a possible trading interval of +/-£17.58 (+/-2.52%) up or down from last closing price. If Fuller Smith & Turner P.L.C. Class A takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £700.00 (0.29%) than the support at £634.00 (9.17%), 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 Fuller Smith & Turner P.L.C. Class A 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 Fuller Smith & Turner P.L.C. Class A stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.750 Buy Candidate Upgraded
Predicted Opening Price for Fuller Smith & Turner P.L.C. Class A of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
£697.33 ( 0.0955%) | £698.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSTA.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 719.33 | 3.06% |
R2 | 710.93 | 1.85% |
R1 | 705.74 | 1.11% |
Price | 698.00 | |
S1 | 688.93 | -1.30% |
S2 | 683.74 | -2.04% |
S3 | 675.33 | -3.25% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 720.00 | 3.15% |
R2 | 716.00 | 2.58% |
R1 | 700.00 | 0.287% |
Price | 698.00 | |
S1 | 634.00 | -9.17% |
S2 | 616.00 | -11.75% |
S3 | 602.00 | -13.75% |
FSTA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 04, 2024 | Jul 04, 2024 | Jul 25, 2024 | £11.12 | 1.59% |
2 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | £6.63 | 1.00% |
3 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £10.00 | 1.72% |
4 | Nov 17, 2022 | Dec 15, 2022 | Jan 03, 2023 | £4.68 | 0.98% |
5 | Jun 09, 2022 | Jul 07, 2022 | Jul 27, 2022 | £7.41 | 1.21% |
FAQ
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