ICG Enterprise Trust PLC Trust Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of ICG Enterprise Trust PLC trust downgraded after the last trading session.
(Updated on Jun 28, 2024)
The ICG Enterprise Trust PLC trust price fell by -0.97% on the last day (Friday, 28th Jun 2024) from £1,234.00 to £1,222.00. During the last trading day the trust fluctuated 2.19% from a day low at £1,216.00 to a day high of £1,242.59. 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 70 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, 70 thousand shares were bought and sold for approximately £85.66 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 2.88% during the next 3 months and, with a 90% probability hold a price between £1,240.55 and £1,308.26 at the end of this 3-month period.
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ICGT.L Signals & Forecast
There are few to no technical positive signals at the moment. The ICG Enterprise Trust PLC trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £1,240.86 and £1,227.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -2.86%. 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 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 £1,220.00 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 £26.59 between high and low, or 2.19%. For the last week the trust has had daily average volatility of 1.37%.
Our recommended stop-loss: £1,184.08 (-3.10%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ICGT.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ICG Enterprise Trust PLC to open at £1,226.86, and during the day (based on 14 day Average True Range), to move between £1,194.48 and £1,249.52, which gives a possible trading interval of +/-£27.52 (+/-2.25%) 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 4.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,220.00 (0.16%) than the resistance at £1,232.00 (0.82%), 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?
ICG Enterprise Trust PLC holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 ICG Enterprise Trust PLC of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £1,226.86 ( 0.398%) | £1,222.00 |
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 | 1,253.45 | 2.57% |
| R2 | 1,243.30 | 1.74% |
| R1 | 1,237.02 | 1.23% |
| Price | 1,222.00 | |
| S1 | 1,216.71 | -0.433% |
| S2 | 1,210.43 | -0.95% |
| S3 | 1,200.27 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,254.00 | 2.62% |
| R2 | 1,250.00 | 2.29% |
| R1 | 1,232.00 | 0.82% |
| Price | 1,222.00 | |
| S1 | 1,220.00 | -0.164% |
| S2 | 1,214.00 | -0.655% |
| S3 | 1,210.00 | -0.98% |
ICGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2024 | Jul 04, 2024 | Jul 19, 2024 | £9.00 | 0.736% |
| 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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