New Star Investment Trust plc Trust Forecast
Red day on Friday for New Star Investment Trust plc trust after losing 0.755%
(Updated on Jun 28, 2024)
The New Star Investment Trust plc trust price fell by -0.755% on the last day (Friday, 28th Jun 2024) from £132.50 to £131.50. During the last trading day the trust fluctuated 1.52% from a day low at £130.00 to a day high of £131.98. The price has risen in 5 of the last 10 days and is up by 16.37% over the past 2 weeks. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 thousand shares were bought and sold for approximately £1.52 million.
The trust lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £132.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the trust is expected to rise 10.50% during the next 3 months and, with a 90% probability hold a price between £129.19 and £146.89 at the end of this 3-month period.
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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 £127.59 and £118.24. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.755%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the trust should be followed more 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 £1.98 between high and low, or 1.52%. For the last week, the trust has had daily average volatility of 3.00%.
Our recommended stop-loss: £127.78 (-2.83%) (This trust has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NSI.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect New Star Investment Trust plc to open at £131.16, and during the day (based on 14 day Average True Range), to move between £128.20 and £134.80, which gives a possible trading interval of +/-£3.30 (+/-2.51%) 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 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £132.50 (0.76%) than the support at £129.50 (1.52%), 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 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 Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £131.16 ( 0.258%) | £131.50 |
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 | 133.14 | 1.25% |
| R2 | 132.39 | 0.673% |
| R1 | 131.92 | 0.318% |
| Price | 131.50 | |
| S1 | 130.40 | -0.83% |
| S2 | 129.94 | -1.19% |
| S3 | 129.18 | -1.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 132.50 | 0.760% |
| Price | 131.50 | |
| S1 | 129.50 | -1.52% |
| S2 | 116.00 | -11.79% |
| S3 | 114.00 | -13.31% |
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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