The North American Income Trust plc Trust 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
Evaluation of The North American Income Trust plc trust downgraded after the last trading session.
(Updated on Jun 25, 2024)
The The North American Income Trust plc trust price gained 1.35% on the last trading day (Tuesday, 25th Jun 2024), rising from £296.00 to £300.00. It has now gained 3 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 trust fluctuated 1.69% from a day low at £295.00 to a day high of £300.00. The price has risen in 4 of the last 10 days and is up by 1.35% 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, 59 thousand more shares were traded than the day before. In total, 205 thousand shares were bought and sold for approximately £61.57 million.
The trust 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. £299.28 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 trust is predicted to reach £306.06 sometime during the next 3 months.
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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. 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 £295.29 and £294.24. 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 2.39%. 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 The North American Income Trust plc trust
The North American Income Trust plc finds support from accumulated volume at £296.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the trust moved £5.00 between high and low, or 1.69%. For the last week the trust has had daily average volatility of 1.31%.
Our recommended stop-loss: £284.43 (-5.19%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (NAIT.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect The North American Income Trust plc to open at £298.33, and during the day (based on 14 day Average True Range), to move between £295.63 and £304.37, which gives a possible trading interval of +/-£4.37 (+/-1.46%) 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 2.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £296.00, some £4.00 (1.33%) from the current price of £300.00, our system finds the risk reward attractive.
Is The North American Income Trust plc trust A Buy?
The North American Income Trust plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for The North American Income Trust plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £298.33 ( 0.556%) | £300.00 |
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 | 303.33 | 1.11% |
| R2 | 301.42 | 0.474% |
| R1 | 300.24 | 0.0811% |
| Price | 300.00 | |
| S1 | 296.42 | -1.19% |
| S2 | 295.24 | -1.59% |
| S3 | 293.33 | -2.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 300.00 | |
| S1 | 296.00 | -1.33% |
| S2 | 295.00 | -1.67% |
| S3 | 294.00 | -2.00% |
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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