The North American Income Trust plc Trust Forecast
Red day on Wednesday for The North American Income Trust plc
(Updated on Jun 19, 2024)
No changes to the price of The North American Income Trust plc trust on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the trust fluctuated 0% from a day low at £294.00 to a day high of £294.00. The price has been going up and down for this period, and there has been a 0.34% gain for the last 2 weeks.
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 The North American Income Trust plc trust with a 90% probability to be traded between £292.27 and £298.43 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.
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NAIT.L Signals & Forecast
The The North American Income Trust plc trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the trust has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £293.86 and £293.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.341%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -2.24% to £287.40 within 10 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for The North American Income Trust plc trust
The North American Income Trust plc finds support from accumulated volume at £293.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the 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 1.29%
Our recommended stop-loss: £277.31 (-5.68%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (NAIT.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect The North American Income Trust plc to open at £294.00, and during the day (based on 14 day Average True Range), to move between £289.87 and £298.13, which gives a possible trading interval of +/-£4.13 (+/-1.41%) up or down from last closing price. If The North American Income Trust plc takes out the full calculated possible swing range there will be an estimated 2.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £295.00 (0.34%) than the support at £293.00 (0.34%), 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 North American Income Trust plc trust A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for The North American Income Trust plc trust to perform well in the short-term period.
Current score: 2.673 Buy Candidate Unchanged
Predicted Opening Price for The North American Income Trust plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £294.00 ( 0%) | £294.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAIT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 294.00 | - |
| R2 | 294.00 | - |
| R1 | 294.00 | - |
| Price | 294.00 | |
| S1 | 294.00 | - |
| S2 | 294.00 | - |
| S3 | 294.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 297.00 | 1.02% |
| R2 | 296.00 | 0.680% |
| R1 | 295.00 | 0.340% |
| Price | 294.00 | |
| S1 | 293.00 | -0.340% |
| S2 | 292.00 | -0.680% |
| S3 | 290.00 | -1.36% |
NAIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 03, 2024 | £3.90 | 1.35% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | £0.0260 | 0.0091% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Oct 12, 2023 | £0.0260 | 0.0096% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £0.0260 | 0.0093% |
| 5 | May 04, 2023 | May 04, 2023 | May 04, 2023 | £3.50 | 1.28% |
FAQ
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