ICG Enterprise Trust PLC Trust Forecast
ICG Enterprise Trust PLC trust price down 1.59% on Tuesday
(Updated on Jun 25, 2024)
The ICG Enterprise Trust PLC trust price fell by -1.59% on the last day (Tuesday, 25th Jun 2024) from £1,254.00 to £1,234.00. During the last trading day the trust fluctuated 1.62% from a day low at £1,234.00 to a day high of £1,254.00. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 57 thousand shares were bought and sold for approximately £70.37 million.
The trust lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the trust is expected to rise 3.43% during the next 3 months and, with a 90% probability hold a price between £1,248.05 and £1,317.43 at the end of this 3-month period.
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ICGT.L Signals & Forecast
The ICG Enterprise Trust PLC trust holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately £1,246.57. On a fall, the trust will find some support from the long-term average at approximately £1,226.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, June 19, 2024, and so far it has fallen -1.91%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the trust should be followed more closely.
Support, Risk & Stop-loss for ICG Enterprise Trust PLC trust
ICG Enterprise Trust PLC finds support from accumulated volume at £1,232.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the trust moved £20.00 between high and low, or 1.62%. For the last week the trust has had daily average volatility of 1.98%.
Our recommended stop-loss: £1,191.76 (-3.42%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (ICGT.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ICG Enterprise Trust PLC to open at £1,240.67, and during the day (based on 14 day Average True Range), to move between £1,203.20 and £1,264.80, which gives a possible trading interval of +/-£30.80 (+/-2.50%) up or down from last closing price. If ICG Enterprise Trust PLC takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,232.00 (0.16%) than the resistance at £1,250.00 (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ICG Enterprise Trust PLC trust 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 ICG Enterprise Trust PLC trust to perform well in the short-term.
Current score: 3.046 Buy Candidate Unchanged
Predicted Opening Price for ICG Enterprise Trust PLC of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £1,240.67 ( 0.540%) | £1,234.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICGT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,260.67 | 2.16% |
| R2 | 1,253.03 | 1.54% |
| R1 | 1,248.31 | 1.16% |
| Price | 1,234.00 | |
| S1 | 1,233.03 | -0.0789% |
| S2 | 1,228.31 | -0.461% |
| S3 | 1,220.67 | -1.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,258.00 | 1.94% |
| R2 | 1,254.00 | 1.62% |
| R1 | 1,250.00 | 1.30% |
| Price | 1,234.00 | |
| S1 | 1,232.00 | -0.162% |
| S2 | 1,224.00 | -0.81% |
| S3 | 1,220.00 | -1.13% |
ICGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2024 | Jul 04, 2024 | Jul 19, 2024 | £9.00 | 0.721% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 01, 2024 | £8.00 | 0.650% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0800 | 0.0064% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | £0.0800 | 0.0071% |
| 5 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £9.00 | 0.83% |
FAQ
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