Chelverton UK Dividend Trust PLC Trust Forecast

Red day on Tuesday for Chelverton UK Dividend Trust PLC
(Updated on Jun 25, 2024)

SDV.L Signals & Forecast

The Chelverton UK Dividend Trust PLC trust holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately £165.48. On a fall, the trust will find some support from the long-term average at approximately £163.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and the trust should be watched closely. 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 Monday, June 10, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Chelverton UK Dividend Trust PLC trust

Chelverton UK Dividend Trust PLC finds support from accumulated volume at £163.00 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 £1.00 between high and low, or 0.606%. For the last week the trust has had daily average volatility of 0.85%.

Our recommended stop-loss: £157.93 (-4.29%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (SDV.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Chelverton UK Dividend Trust PLC to open at £165.33, and during the day (based on 14 day Average True Range), to move between £162.35 and £167.65, which gives a possible trading interval of +/-£2.65 (+/-1.60%) up or down from last closing price. If Chelverton UK Dividend Trust PLC takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £165.50 (0.30%) than the support at £163.00 (1.21%), 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 Chelverton UK Dividend Trust PLC trust A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Chelverton UK Dividend Trust PLC trust to perform well in the short-term.

Current score: 1.875 Buy Candidate Unchanged

Predicted Opening Price for Chelverton UK Dividend Trust PLC of Wednesday, June 26, 2024

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