Montanaro UK Smaller Companies Stock Forecast
Montanaro UK Smaller Companies stock price up 1.83% on Friday
(Updated on May 24, 2024)
The Montanaro UK Smaller Companies stock price gained 1.83% on the last trading day (Friday, 24th May 2024), rising from £109.50 to £111.50. During the last trading day the stock fluctuated 2.76% from a day low at £108.50 to a day high of £111.50. The price has risen in 7 of the last 10 days and is up by 4.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 217 thousand more shares were traded than the day before. In total, 440 thousand shares were bought and sold for approximately £49.04 million.
The stock lies in the middle of a narrow and strong 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 13.47% during the next 3 months and, with a 90% probability hold a price between £123.48 and £129.31 at the end of this 3-month period.
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MTU.L Signals & Forecast
Mostly positive signals in the chart today. The Montanaro UK Smaller Companies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £108.75 and £105.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Montanaro UK Smaller Companies stock
Montanaro UK Smaller Companies finds support from accumulated volume at £107.50 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 £3.00 between high and low, or 2.76%. For the last week the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: £106.72 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (MTU.L) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Montanaro UK Smaller Companies Investment Trust PLC to open at £110.50, and during the day (based on 14 day Average True Range), to move between £108.99 and £114.01, which gives a possible trading interval of +/-£2.51 (+/-2.25%) up or down from last closing price. If Montanaro UK Smaller Companies Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £107.50, some £4.00 (3.59%) from the current price of £111.50, our system finds the risk reward attractive.
Is Montanaro UK Smaller Companies Investment Trust PLC stock A Buy?
Montanaro UK Smaller Companies holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.129 Strong Buy Candidate Unchanged
Predicted Opening Price for Montanaro UK Smaller Companies Investment Trust PLC of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| £110.50 ( 0.90%) | £111.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTU.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.50 | 1.79 % | |
| R2 | 112.35 | 0.766 % | ||
| R1 | 111.65 | 0.131 % | ||
| Current price: | 111.50 | |||
| Support | S1 | 109.35 | -1.92 % | |
| S2 | 108.65 | -2.56 % | ||
| S3 | 107.50 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 111.50 | |||
| Support | S1 | 107.50 | -3.59% | |
| S2 | 105.50 | -5.38% | ||
| S3 | 104.75 | -6.05% |
MTU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 09, 2024 | £1.19 | 1.11% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Feb 09, 2024 | £0.0118 | 0.0120% |
| 3 | Oct 19, 2023 | Oct 19, 2023 | Oct 19, 2023 | £0.0110 | 0.0125% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £0.0113 | 0.0111% |
| 5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £1.15 | 1.09% |
FAQ
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