Montanaro UK Smaller Companies 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
Stronger technical forecast for Montanaro UK Smaller Companies stock price after Friday trading.
(Updated on May 17, 2024)
The Montanaro UK Smaller Companies stock price fell by -1.84% on the last day (Friday, 17th May 2024) from £108.50 to £106.50. During the last trading day the stock fluctuated 2.82% from a day low at £106.50 to a day high of £109.50. The price has risen in 5 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -38 thousand shares and in total, 185 thousand shares were bought and sold for approximately £19.66 million.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £105.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.20% during the next 3 months and, with a 90% probability hold a price between £119.99 and £123.06 at the end of this 3-month period.
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MTU.L Signals & Forecast
The Montanaro UK Smaller Companies 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 £107.20. On a fall, the stock will find some support from the long-term average at approximately £104.75. 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. 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 Thursday, May 16, 2024, and so far it has fallen -1.84%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Montanaro UK Smaller Companies stock
Montanaro UK Smaller Companies finds support from accumulated volume at £106.00 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 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 2.82%. For the last week the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: £101.49 (-4.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MTU.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Montanaro UK Smaller Companies Investment Trust PLC to open at £107.50, and during the day (based on 14 day Average True Range), to move between £104.12 and £108.88, which gives a possible trading interval of +/-£2.38 (+/-2.24%) 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 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £106.00 (0.47%) than the resistance at £107.50 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Montanaro UK Smaller Companies Investment Trust PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Montanaro UK Smaller Companies stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.250 Buy Candidate Upgraded
Predicted Opening Price for Montanaro UK Smaller Companies Investment Trust PLC of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £107.50 ( 0.94%) | £106.50 |
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 | 110.50 | 3.76 % | |
| R2 | 109.35 | 2.68 % | ||
| R1 | 108.65 | 2.02 % | ||
| Current price: | 106.50 | |||
| Support | S1 | 106.35 | -0.137 % | |
| S2 | 105.65 | -0.80 % | ||
| S3 | 104.50 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.00 | 1.41 % | |
| R2 | 107.75 | 1.17 % | ||
| R1 | 107.50 | 0.94 % | ||
| Current price | 106.50 | |||
| Support | S1 | 106.00 | -0.469% | |
| S2 | 105.50 | -0.94% | ||
| S3 | 104.75 | -1.64% |
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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