TwentyFour Select Monthly Income Fund Stock Forecast
TwentyFour Select Monthly Income Fund stock price ended at £82.20 on Tuesday, after gaining 0.489%.
(Updated on Apr 23, 2024)
The TwentyFour Select Monthly Income Fund stock price gained 0.489% on the last trading day (Tuesday, 23rd Apr 2024), rising from £81.80 to £82.20. During the last trading day the stock fluctuated 1.07% from a day low at £81.73 to a day high of £82.60. The price has fallen in 5 of the last 10 days and is down by -1.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 308 thousand more shares were traded than the day before. In total, 535 thousand shares were bought and sold for approximately £44.01 million.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £81.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.55% during the next 3 months and, with a 90% probability hold a price between £84.75 and £86.76 at the end of this 3-month period.
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SMIF.L Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TwentyFour Select Monthly Income Fund stock 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 £82.44 and £82.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.34%. 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 TwentyFour Select Monthly Income Fund stock
TwentyFour Select Monthly Income Fund finds support from accumulated volume at £82.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0.87 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: £78.58 (-4.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (SMIF.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect TwentyFour Select Monthly Income Fund Limited to open at £82.18, and during the day (based on 14 day Average True Range), to move between £80.64 and £83.76, which gives a possible trading interval of +/-£1.56 (+/-1.90%) up or down from last closing price. If TwentyFour Select Monthly Income Fund Limited takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £82.40 (0.24%) than the support at £82.00 (0.24%), 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 TwentyFour Select Monthly Income Fund Limited stock A Buy?
TwentyFour Select Monthly Income Fund holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.656 Hold/Accumulate Unchanged
Predicted Opening Price for TwentyFour Select Monthly Income Fund Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £82.18 ( 0.0294%) | £82.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMIF.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.05 | 1.03 % | |
| R2 | 82.72 | 0.627 % | ||
| R1 | 82.51 | 0.376 % | ||
| Current price: | 82.20 | |||
| Support | S1 | 81.84 | -0.435 % | |
| S2 | 81.64 | -0.685 % | ||
| S3 | 81.30 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.00 | 0.97 % | |
| R2 | 82.60 | 0.487 % | ||
| R1 | 82.40 | 0.243 % | ||
| Current price | 82.20 | |||
| Support | S1 | 82.00 | -0.243% | |
| S2 | 80.80 | -1.70% | ||
| S3 | 80.40 | -2.19% |
SMIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 03, 2024 | £0.750 | 0.91% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Apr 05, 2024 | £0.500 | 0.605% |
| 3 | Feb 15, 2024 | Feb 15, 2024 | Mar 01, 2024 | £0.500 | 0.619% |
| 4 | Jan 18, 2024 | Jan 18, 2024 | Feb 02, 2024 | £0.0050 | 0.0062% |
| 5 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0.500 | 0.641% |
FAQ
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