Icg-longbow Senior Secured Uk Property Stock Forecast
Icg-longbow Senior Secured Uk Property stock upgraded to Sell Candidate.
(Updated on Jul 03, 2024)
The Icg-longbow Senior Secured Uk Property stock price fell by -1.07% on the last day (Wednesday, 3rd Jul 2024) from £18.70 to £18.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.541% from a day low at £18.50 to a day high of £18.60. The price has fallen in 6 of the last 10 days and is down by -7.73% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 24 thousand shares were bought and sold for approximately £435.21 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.70% during the next 3 months and, with a 90% probability hold a price between £14.56 and £15.72 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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LBOW.L Signals & Forecast
There are few to no technical positive signals at the moment. The Icg-longbow Senior Secured Uk Property stock 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 £18.99 and £20.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -9.60%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Icg-longbow Senior Secured Uk Property stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.100 between high and low, or 0.541%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LBOW.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Icg-longbow Senior Secured Uk Property Debt Investments Ltd to open at £18.53, and during the day (based on 14 day Average True Range), to move between £17.59 and £19.41, which gives a possible trading interval of +/-£0.91 (+/-4.94%) up or down from last closing price. If Icg-longbow Senior Secured Uk Property Debt Investments Ltd takes out the full calculated possible swing range there will be an estimated 9.88% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £20.80, some £2.30 (12.43%) from the current price of £18.50, our system finds the risk reward not very attractive.
Is Icg-longbow Senior Secured Uk Property Debt Investments Ltd stock A Buy?
Icg-longbow Senior Secured Uk Property holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.327 Sell Candidate Upgraded
Predicted Opening Price for Icg-longbow Senior Secured Uk Property Debt Investments Ltd of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £18.53 ( 0.180%) | £18.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LBOW.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.63 | 0.721% |
| R2 | 18.60 | 0.514% |
| R1 | 18.57 | 0.387% |
| Price | 18.50 | |
| S1 | 18.50 | -0.0263% |
| S2 | 18.47 | -0.154% |
| S3 | 18.43 | -0.360% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.40 | 21.08% |
| R2 | 21.20 | 14.59% |
| R1 | 20.80 | 12.43% |
| Price | 18.50 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
LBOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | £7.40 | 24.26% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £0.500 | 1.24% |
| 3 | Jan 26, 2023 | Feb 02, 2023 | Feb 17, 2023 | £5.50 | 11.53% |
| 4 | Dec 01, 2022 | Dec 15, 2022 | Jan 13, 2023 | £1.00 | 2.12% |
| 5 | Sep 21, 2022 | Oct 06, 2022 | Nov 04, 2022 | £1.00 | 1.83% |
FAQ
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