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MIGO Opportunities Trust plc Trust Forecast

£355.50
+0.224 (+0.0631%)
At Close: Jun 25, 2024
RSI low/high Values: [ 20 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MIGO.L
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MIGO Opportunities Trust plc trust price up 0.0631% on Tuesday
(Updated on Jun 25, 2024)

Sell candidate since Jun 21, 2024 Loss -0.42% PDF

The MIGO Opportunities Trust plc trust price gained 0.0631% on the last trading day (Tuesday, 25th Jun 2024), rising from £355.28 to £355.50. During the last trading day the trust fluctuated 0.424% from a day low at £354.00 to a day high of £355.50. The price has been going up and down for this period, and there has been a -0.17% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately £7.07 million.

The trust 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 MIGO Opportunities Trust plc trust with a 90% probability to be traded between £349.18 and £351.73 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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MIGO.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.141%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MIGO Opportunities Trust 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 £355.62 and £357.50. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for MIGO Opportunities Trust plc trust

MIGO Opportunities Trust plc finds support from accumulated volume at £355.28 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 with good liquidity the risk is considered very low in this stock. During the last day, the trust moved £1.50 between high and low, or 0.424%. For the last week the trust has had daily average volatility of 0.505%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MIGO.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect MIGO Opportunities Trust plc to open at £355.00, and during the day (based on 14 day Average True Range), to move between £353.99 and £357.01, which gives a possible trading interval of +/-£1.51 (+/-0.42%) up or down from last closing price. If MIGO Opportunities Trust plc takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £355.28 (0.06%) than the resistance at £358.50 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MIGO Opportunities Trust plc trust A Buy?

MIGO Opportunities Trust plc holds several negative signals and is within a narrow and 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 trust.

Current score: -3.213 Sell Candidate Unchanged

Predicted Opening Price for MIGO Opportunities Trust plc of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
£355.00 ( 0.141%) £355.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MIGO.L

Fibonacci Support & Resistance Levels

Level Price
R3 356.50 0.281%
R2 355.93 0.120%
R1 355.57 0.0205%
Price 355.50
S1 354.43 -0.302%
S2 354.07 -0.401%
S3 353.50 -0.563%

Accumulated Volume Support & Resistance Levels

Level Price
R3 359.50 1.13%
R2 359.00 0.98%
R1 358.50 0.84%
Price 355.50
S1 355.28 -0.0631%
S2 355.00 -0.141%
S3 0 -

MIGO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 07, 2023 Sep 07, 2023 Sep 07, 2023 £0.0300 0.0093%
2 Jul 25, 2022 Sep 08, 2022 Oct 06, 2022 £0.400 0.119%

FAQ

What is the symbol for MIGO Opportunities Trust plc Trust and on which exchange is it traded?
The symbol for MIGO Opportunities Trust plc is MIGO.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell MIGO Opportunities Trust plc Trust?
MIGO Opportunities Trust plc holds several negative signals and is within a narrow and 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 trust.

How to buy MIGO Opportunities Trust plc Trust?
MIGO Opportunities Trust plc Trust can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MIGO Opportunities Trust plc Trust.

What's the current price of MIGO Opportunities Trust plc Trust?
As of the end of day on the Jun 25, 2024, the price of an MIGO Opportunities Trust plc (MIGO.L) share was £355.50.

What is the 52-week high and low for MIGO Opportunities Trust plc Trust?
The 52-week high for MIGO Opportunities Trust plc Trust is £361.00 and the 52-week low is £354.00.

What is the market capitalization of MIGO Opportunities Trust plc Trust?
As of the Jun 25, 2024, the market capitalization of MIGO Opportunities Trust plc is 79.797M.
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