Gulf Investment Fund plc Trust Forecast
Gulf Investment Fund plc trust price ended at £2.32 on Tuesday, after losing 1.69%.
(Updated on Jun 25, 2024)
The Gulf Investment Fund plc trust price fell by -1.69% on the last day (Tuesday, 25th Jun 2024) from £2.36 to £2.32. During the last trading day the trust fluctuated 3.51% from a day low at £2.28 to a day high of £2.36. The price has fallen in 5 of the last 10 days and is down by -0.64% for this period. 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 -1 thousand shares and in total, 31 shares were bought and sold for approximately £71.92 .
The trust lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the trust is expected to fall -5.17% during the next 3 months and, with a 90% probability hold a price between £2.15 and £2.23 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.
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GIF.L Signals & Forecast
There are mixed signals in the trust today. The Gulf Investment Fund 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 £2.36. On a fall, the trust will find some support from the short-term average at £2.31. 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 Monday, June 24, 2024, and so far it has fallen -1.69%. 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 Gulf Investment Fund plc trust
Gulf Investment Fund plc finds support from accumulated volume at £2.30 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 £0.0800 between high and low, or 3.51%. For the last week the trust has had daily average volatility of 3.17%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GIF.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Gulf Investment Fund plc to open at £2.32, and during the day (based on 14 day Average True Range), to move between £2.25 and £2.39, which gives a possible trading interval of +/-£0.0731 (+/-3.15%) up or down from last closing price. If Gulf Investment Fund plc takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2.34 (0.65%) than the support at £2.30 (0.86%), 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 Gulf Investment Fund plc trust A Buy?
Gulf Investment Fund 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.
Current score: -3.404 Sell Candidate Unchanged
Predicted Opening Price for Gulf Investment Fund plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £2.32 ( 0%) | £2.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GIF.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.40 | 3.45% |
| R2 | 2.37 | 2.13% |
| R1 | 2.35 | 1.32% |
| Price | 2.32 | |
| S1 | 2.29 | -1.32% |
| S2 | 2.27 | -2.13% |
| S3 | 2.24 | -3.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.41 | 3.88% |
| R2 | 2.40 | 3.45% |
| R1 | 2.34 | 0.647% |
| Price | 2.32 | |
| S1 | 2.30 | -0.86% |
| S2 | 2.28 | -1.57% |
| S3 | 2.28 | -1.72% |
GIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Mar 22, 2024 | £0.0405 | 1.56% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £0.0405 | 1.74% |
| 3 | Feb 02, 2023 | Feb 09, 2023 | Mar 17, 2023 | £0.0351 | 1.84% |
| 4 | Sep 01, 2022 | Sep 08, 2022 | Oct 21, 2022 | £0.0351 | 1.66% |
| 5 | Jan 06, 2022 | Jan 13, 2022 | Mar 11, 2022 | £0.0247 | 1.11% |
FAQ
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