Investec plc Stock Forecast
Green day on Friday for Investec plc stock after gaining 0.662%
(Updated on May 03, 2024)
The Investec plc stock price gained 0.662% on the last trading day (Friday, 3rd May 2024), rising from £529.00 to £532.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.58% from a day low at £516.50 to a day high of £535.00. The price has risen in 7 of the last 10 days and is up by 7.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 149 thousand more shares were traded than the day before. In total, 823 thousand shares were bought and sold for approximately £438.33 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.93% during the next 3 months and, with a 90% probability hold a price between £503.76 and £560.22 at the end of this 3-month period.
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INVP.L Signals & Forecast
Mostly positive signals in the chart today. The Investec plc 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 £519.50 and £515.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.48%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Investec plc stock
Investec plc finds support from accumulated volume at £506.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £18.50 between high and low, or 3.58%. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: £510.86 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (INVP.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Investec plc to open at £528.00, and during the day (based on 14 day Average True Range), to move between £514.82 and £550.18, which gives a possible trading interval of +/-£17.68 (+/-3.32%) up or down from last closing price. If Investec plc takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £534.00 (0.28%) than the support at £506.20 (4.94%), 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 Investec plc stock A Buy?
Investec plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.022 Strong Buy Candidate Unchanged
Predicted Opening Price for Investec plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £528.00 ( 0.85%) | £532.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 546.50 | 2.63 % | |
| R2 | 539.43 | 1.30 % | ||
| R1 | 535.07 | 0.482 % | ||
| Current price: | 532.50 | |||
| Support | S1 | 520.93 | -2.17 % | |
| S2 | 516.57 | -2.99 % | ||
| S3 | 509.50 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 539.00 | 1.22 % | |
| R2 | 537.00 | 0.85 % | ||
| R1 | 534.00 | 0.282 % | ||
| Current price | 532.50 | |||
| Support | S1 | 506.20 | -4.94% | |
| S2 | 500.00 | -6.10% | ||
| S3 | 492.80 | -7.46% |
INVP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0 | 0% |
| 2 | Nov 17, 2022 | Dec 08, 2022 | Jan 09, 2023 | £13.50 | 2.54% |
| 3 | May 19, 2022 | Jul 21, 2022 | Aug 08, 2022 | £14.00 | 3.07% |
| 4 | Nov 18, 2021 | Dec 09, 2021 | Dec 22, 2021 | £11.00 | 2.74% |
| 5 | Nov 18, 2021 | Dec 08, 2021 | Dec 22, 2021 | £11.00 | 2.74% |
FAQ
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