Life Science Reit Plc Trust Forecast
Red day on Monday for Life Science Reit Plc
(Updated on Jun 17, 2024)
No changes to the price of Life Science Reit Plc trust on the last trading day (Monday, 17th Jun 2024). During the last trading day the trust fluctuated 0% from a day low at £34.30 to a day high of £34.30. The price has fallen in 5 of the last 10 days but is still up by 2.69% over the past 2 weeks.
The trust lies in the middle of a wide 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 -16.96% during the next 3 months and, with a 90% probability hold a price between £25.71 and £30.57 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LABS.L Signals & Forecast
There are mixed signals in the trust today. The Life Science Reit Plc trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £34.67 and £36.63. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Life Science Reit Plc trust
Life Science Reit Plc finds support from accumulated volume at £34.20 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 between high and low, or 0%. For the last week the trust has had daily average volatility of 4.89%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LABS.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Life Science Reit Plc to open at £34.30, and during the day (based on 14 day Average True Range), to move between £33.15 and £35.45, which gives a possible trading interval of +/-£1.15 (+/-3.36%) up or down from last closing price. If Life Science Reit Plc takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £34.20 (0.29%) than the resistance at £35.20 (2.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Life Science Reit Plc trust A Buy?
Life Science Reit 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: -2.370 Sell Candidate Unchanged
Predicted Opening Price for Life Science Reit Plc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £34.30 ( 0%) | £34.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LABS.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.30 | - |
| R2 | 34.30 | - |
| R1 | 34.30 | - |
| Price | 34.30 | |
| S1 | 34.30 | - |
| S2 | 34.30 | - |
| S3 | 34.30 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.10 | 8.16% |
| R2 | 37.00 | 7.87% |
| R1 | 35.20 | 2.62% |
| Price | 34.30 | |
| S1 | 34.20 | -0.292% |
| S2 | 33.90 | -1.17% |
| S3 | 33.60 | -2.04% |
FAQ
Click here for our free guide on how to buy Life Science Reit Plc Trust.
