New Star Investment Trust plc Trust Forecast
New Star Investment Trust plc trust price up 2.32% on Tuesday
(Updated on Jun 25, 2024)
The New Star Investment Trust plc trust price gained 2.32% on the last trading day (Tuesday, 25th Jun 2024), rising from £129.50 to £132.50. During the last trading day the trust fluctuated 2.81% from a day low at £128.97 to a day high of £132.60. The price has risen in 5 of the last 10 days and is up by 13.6% over the past 2 weeks. Volume fell on the last day by -22 thousand shares and in total, 38 thousand shares were bought and sold for approximately £5.06 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 trust has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £120.29, a level that may pose a second chance to hit a runner.
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NSI.L Signals & Forecast
The New Star Investment 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 £120.52 and £116.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 15.22%. 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 trust should be watched closely.
Support, Risk & Stop-loss for New Star Investment Trust plc trust
New Star Investment Trust plc finds support from accumulated volume at £129.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the trust moved £3.63 between high and low, or 2.81%. For the last week, the trust has had daily average volatility of 5.00%.
The New Star Investment Trust plc trust is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the trust has broken the trend up, the chance for a major correction due to high RSI is very small as the trust will find support at the trend broken.
Our recommended stop-loss: £128.55 (-2.98%) (This trust has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (NSI.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect New Star Investment Trust plc to open at £131.36, and during the day (based on 14 day Average True Range), to move between £128.61 and £136.39, which gives a possible trading interval of +/-£3.89 (+/-2.94%) up or down from last closing price. If New Star Investment Trust plc takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £129.50, some £3.00 (2.26%) from the current price of £132.50, our system finds the risk reward attractive.
Is New Star Investment Trust plc trust A Buy?
New Star Investment 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 New Star Investment Trust plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £131.36 ( 0.86%) | £132.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSI.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 134.99 | 1.88% |
| R2 | 133.60 | 0.83% |
| R1 | 132.74 | 0.184% |
| Price | 132.50 | |
| S1 | 129.97 | -1.91% |
| S2 | 129.11 | -2.56% |
| S3 | 127.73 | -3.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 132.50 | |
| S1 | 129.50 | -2.26% |
| S2 | 116.00 | -12.45% |
| S3 | 114.00 | -13.96% |
NSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 29, 2024 | £1.70 | 1.48% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0170 | 0.0155% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | £0.90 | 0.750% |
| 4 | Oct 11, 2022 | Nov 03, 2022 | Nov 30, 2022 | £1.40 | 1.15% |
| 5 | Sep 24, 2021 | Nov 04, 2021 | Nov 30, 2021 | £1.40 | 0.97% |
FAQ
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