The Schiehallion Fund Limited Trust Forecast

The Schiehallion Fund Limited trust downgraded to Sell Candidate
(Updated on Jun 19, 2024)

MNTN.L Signals & Forecast

There are few to no technical positive signals at the moment. The The Schiehallion Fund Limited 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 $0.91 and $0.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.72%. 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 trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for The Schiehallion Fund Limited trust

On the downside, the trust finds support just below today's level from accumulated volume at $0.85 and $0.80. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, The Schiehallion Fund Limited finds support just below today's level at $0.85. If this is broken, then the next support from accumulated volume will be at $0.80 and $0.785.

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 1.60%

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

Trading Expectations (MNTN.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect The Schiehallion Fund Limited to open at $0.90, and during the day (based on 14 day Average True Range), to move between $0.86 and $0.93, which gives a possible trading interval of +/-$0.0334 (+/-3.73%) up or down from last closing price. If The Schiehallion Fund Limited takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.91 (1.68%) than the support at $0.85 (5.03%), 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.

Is The Schiehallion Fund Limited trust A Buy?

The The Schiehallion Fund Limited trust holds several negative signals and despite the positive trend, we believe The Schiehallion Fund Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.286 Sell Candidate Downgraded

Predicted Opening Price for The Schiehallion Fund Limited of Thursday, June 20, 2024

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