Premier Miton Global Renewables Trust Trust Forecast

Red day on Thursday for Premier Miton Global Renewables Trust trust after losing 0%
(Updated on Jun 27, 2024)

PMGR.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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. The Premier Miton Global Renewables Trust trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £104.42 and £103.87. A break-up above any of these levels will issue buy signals. 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. The trust had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.

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 trust in question.

Support, Risk & Stop-loss for Premier Miton Global Renewables Trust trust

On the downside, the trust finds support just below today's level from accumulated volume at £93.50 and £93.00. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Premier Miton Global Renewables Trust finds support just below today's level at £93.50. If this is broken, then the next support from accumulated volume will be at £93.00 and £92.50.

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 2.29%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PMGR.L) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Premier Miton Global Renewables Trust Plc to open at £103.40, and during the day (based on 14 day Average True Range), to move between £100.06 and £106.75, which gives a possible trading interval of +/-£3.34 (+/-3.23%) up or down from last closing price. If Premier Miton Global Renewables Trust Plc takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £104.00 (0.58%) than the support at £93.50 (9.58%), 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 Premier Miton Global Renewables Trust Plc trust A Buy?

Premier Miton Global Renewables Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this trust.

Current score: -2.982 Sell Candidate Unchanged

Predicted Opening Price for Premier Miton Global Renewables Trust Plc of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.