Murray Income Trust plc Stock Forecast
Green day on Tuesday for Murray Income Trust plc stock after gaining 0.472%
(Updated on Apr 23, 2024)
The Murray Income Trust plc stock price gained 0.472% on the last trading day (Tuesday, 23rd Apr 2024), rising from £847.00 to £851.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.94% from a day low at £846.04 to a day high of £854.00. The price has risen in 9 of the last 10 days and is up by 2.53% over the past 2 weeks. Volume fell on the last day by -59 thousand shares and in total, 85 thousand shares were bought and sold for approximately £72.74 million. 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 has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £850.99 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £884.34 sometime during the next 3 months.
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MUT.L Signals & Forecast
Mostly positive signals in the chart today. The Murray Income Trust plc 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 £839.71 and £830.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.53%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 18, 2024.
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 Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 18, 2024.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 12 Months
The stock had a Golden Star Signal on Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 18, 2024.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 Tuesday, March 05, 2024 with a target of £821.23. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Murray Income Trust plc stock
Murray Income Trust plc finds support from accumulated volume at £832.00 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 £7.96 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: £813.55 (-4.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (MUT.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Murray Income Trust plc to open at £850.35, and during the day (based on 14 day Average True Range), to move between £840.13 and £861.87, which gives a possible trading interval of +/-£10.87 (+/-1.28%) up or down from last closing price. If Murray Income Trust plc takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £832.00, some £19.00 (2.23%) from the current price of £851.00, our system finds the risk reward attractive.
Is Murray Income Trust plc stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Murray Income Trust plc stock to perform well in the short-term period.
Current score: 2.832 Buy Candidate Unchanged
Predicted Opening Price for Murray Income Trust plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £850.35 ( 0.0768%) | £851.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 858.31 | 0.86 % | |
| R2 | 855.27 | 0.501 % | ||
| R1 | 853.39 | 0.281 % | ||
| Current price: | 851.00 | |||
| Support | S1 | 847.31 | -0.434 % | |
| S2 | 845.43 | -0.655 % | ||
| S3 | 842.39 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 851.00 | |||
| Support | S1 | 832.00 | -2.23% | |
| S2 | 830.00 | -2.47% | ||
| S3 | 825.00 | -3.06% |
MUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 13, 2024 | £0.0950 | 0.0112% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 14, 2024 | £0.0950 | 0.0115% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0950 | 0.0117% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | £0.128 | 0.0158% |
| 5 | Nov 01, 2022 | May 18, 2023 | Jun 15, 2023 | £8.25 | 0.96% |
FAQ
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