Gulf Investment Fund plc Trust Forecast
Stronger technical forecast for Gulf Investment Fund plc trust price after Friday trading.
(Updated on Jun 28, 2024)
The Gulf Investment Fund plc trust price gained 1.32% on the last trading day (Friday, 28th Jun 2024), rising from £2.28 to £2.31. 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 been going up and down for this period, and there has been a 0.43% 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, 8 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately £18.42 thousand.
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 -5.72% during the next 3 months and, with a 90% probability hold a price between £2.12 and £2.21 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
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.32%. Further rise is indicated until a new top pivot has been found. Gulf Investment Fund plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 £2.35. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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.
This trust is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the trust moved £0.0800 (3.51%) between high and low. For the last week, the trust has had daily average volatility of 2.11%.
Our recommended stop-loss: £2.18 (-5.78%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (GIF.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st 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 £2.24 and £2.38, which gives a possible trading interval of +/-£0.0667 (+/-2.89%) 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 5.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2.32 (0.43%) than the support at £2.30 (0.43%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Gulf Investment Fund plc of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
£2.32 ( 0.289%) | £2.31 |
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 | 3.75% |
R2 | 2.37 | 2.43% |
R1 | 2.35 | 1.61% |
Price | 2.31 | |
S1 | 2.29 | -1.03% |
S2 | 2.27 | -1.85% |
S3 | 2.24 | -3.17% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.40 | 3.90% |
R2 | 2.34 | 1.08% |
R1 | 2.32 | 0.433% |
Price | 2.31 | |
S1 | 2.30 | -0.433% |
S2 | 2.28 | -1.14% |
S3 | 2.28 | -1.30% |
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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