Lindsell Train Investment Trust PLC Stock 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
Lindsell Train Investment Trust PLC stock price up 0.498% on Friday
(Updated on May 31, 2024)
The Lindsell Train Investment Trust PLC stock price gained 0.498% on the last trading day (Friday, 31st May 2024), rising from £804.00 to £808.00. During the last trading day the stock fluctuated 1.88% from a day low at £808.00 to a day high of £823.16. The price has fallen in 5 of the last 10 days. Volume fell on the last day by -63 shares and in total, 134 shares were bought and sold for approximately £108.27 thousand. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lindsell Train Investment Trust PLC stock with a 90% probability to be traded between £789.24 and £823.06 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LTI.L Signals & Forecast
The Lindsell Train Investment Trust PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £811.71. On a fall, the stock will find some support from the long-term average at approximately £803.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Thursday, May 02, 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 Thursday, May 02, 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.
A buy signal from a double bottom formation was found on Monday, May 13, 2024 and based on theory for this formation the price should go up by 2.39% to £827.33 within 15 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Lindsell Train Investment Trust PLC stock
Lindsell Train Investment Trust PLC finds support from accumulated volume at £806.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved £15.16 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 2.10%
Our recommended stop-loss: £778.71 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (LTI.L) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Lindsell Train Investment Trust PLC to open at £813.05, and during the day (based on 14 day Average True Range), to move between £788.47 and £827.53, which gives a possible trading interval of +/-£19.53 (+/-2.42%) up or down from last closing price. If Lindsell Train Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £809.00 (0.12%) than the support at £806.00 (0.25%), 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.
Earnings coming up
Lindsell Train Investment Trust PLC will release earnings BMO on Monday, June 10, 2024. We will update the financials statements for Lindsell Train Investment Trust PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.92% in the first trading day after earnings release.
Is Lindsell Train Investment Trust PLC stock A Buy?
Lindsell Train Investment Trust 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.
Current score: 0.422 Hold/Accumulate Unchanged
Predicted Opening Price for Lindsell Train Investment Trust PLC of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| £813.05 ( 0.625%) | £808.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 828.21 | 2.50 % | |
| R2 | 822.42 | 1.78 % | ||
| R1 | 818.84 | 1.34 % | ||
| Current price: | 808.00 | |||
| Support | S1 | 807.26 | -0.0913 % | |
| S2 | 803.68 | -0.534 % | ||
| S3 | 797.89 | -1.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 811.00 | 0.371 % | |
| R2 | 810.00 | 0.248 % | ||
| R1 | 809.00 | 0.124 % | ||
| Current price | 808.00 | |||
| Support | S1 | 806.00 | -0.248% | |
| S2 | 804.00 | -0.495% | ||
| S3 | 800.00 | -0.99% |
LTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £51.50 | 5.39% |
| 2 | Jun 15, 2022 | Aug 11, 2022 | Sep 13, 2022 | £188.00 | 18.61% |
| 3 | Jun 17, 2021 | Aug 12, 2021 | Sep 14, 2021 | £293.00 | 18.72% |
| 4 | Jun 15, 2020 | Aug 13, 2020 | Sep 08, 2020 | £261.00 | 23.30% |
| 5 | Jun 12, 2019 | Aug 15, 2019 | Sep 09, 2019 | £163.00 | 12.01% |
FAQ
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