LondonMetric Property Plc Stock Forecast
LondonMetric Property Plc stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The LondonMetric Property Plc stock price gained 0.82% on the last trading day (Friday, 26th Apr 2024), rising from £194.70 to £196.30. During the last trading day the stock fluctuated 1.39% from a day low at £194.40 to a day high of £197.10. The price has risen in 6 of the last 10 days. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately £1.04 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock 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 stock is expected to rise 6.24% during the next 3 months and, with a 90% probability hold a price between £199.78 and £219.63 at the end of this 3-month period.
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LMP.L Signals & Forecast
The LondonMetric Property Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £195.41 and £195.99. 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 1.97%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for LondonMetric Property Plc stock
LondonMetric Property Plc finds support from accumulated volume at £194.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £2.70 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: £186.28 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (LMP.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect LondonMetric Property Plc to open at £195.93, and during the day (based on 14 day Average True Range), to move between £192.04 and £200.56, which gives a possible trading interval of +/-£4.26 (+/-2.17%) up or down from last closing price. If LondonMetric Property Plc takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £194.30 (1.02%) than the resistance at £198.70 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LondonMetric Property Plc stock A Buy?
LondonMetric Property Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.367 Hold/Accumulate Upgraded
Predicted Opening Price for LondonMetric Property Plc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
£195.93 ( 0.187%) | £196.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMP.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 198.63 | 1.19 % | |
R2 | 197.60 | 0.663 % | ||
R1 | 196.96 | 0.339 % | ||
Current price: | 196.30 | |||
Support | S1 | 194.90 | -0.712 % | |
S2 | 194.26 | -1.04 % | ||
S3 | 193.23 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 200.00 | 1.88 % | |
R2 | 199.80 | 1.78 % | ||
R1 | 198.70 | 1.22 % | ||
Current price | 196.30 | |||
Support | S1 | 194.30 | -1.02% | |
S2 | 191.10 | -2.65% | ||
S3 | 183.40 | -6.57% |
LMP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Apr 08, 2024 | £2.40 | 1.21% |
2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
3 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | £2.40 | 1.32% |
4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £2.60 | 1.45% |
5 | Mar 02, 2023 | Mar 09, 2023 | Apr 12, 2023 | £2.30 | 1.25% |
FAQ
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