Scottish Mortgage Investment Trust PLC Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Scottish Mortgage Investment Trust PLC stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Scottish Mortgage Investment Trust PLC stock price gained 2.47% on the last trading day (Friday, 3rd May 2024), rising from £857.60 to £878.80. During the last trading day the stock fluctuated 3.53% from a day low at £860.60 to a day high of £891.00. The price has risen in 7 of the last 10 days and is up by 8.49% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 329 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately £2.93 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.07% during the next 3 months and, with a 90% probability hold a price between £906.62 and £1,018.63 at the end of this 3-month period.
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SMT.L Signals & Forecast
Mostly positive signals in the chart today. The Scottish Mortgage Investment Trust PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £843.29 and £851.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.49%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Scottish Mortgage Investment Trust PLC stock
Scottish Mortgage Investment Trust PLC finds support from accumulated volume at £857.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £30.40 (3.53%) between high and low. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: £841.70 (-4.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (SMT.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Scottish Mortgage Investment Trust PLC to open at £876.80, and during the day (based on 14 day Average True Range), to move between £855.10 and £902.50, which gives a possible trading interval of +/-£23.70 (+/-2.70%) up or down from last closing price. If Scottish Mortgage Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £884.00 (0.59%) than the support at £857.60 (2.41%), 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 Scottish Mortgage Investment Trust PLC stock A Buy?
Scottish Mortgage Investment Trust PLC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.733 Strong Buy Candidate Upgraded
Predicted Opening Price for Scottish Mortgage Investment Trust PLC of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £876.80 ( 0.228%) | £878.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 907.20 | 3.23 % | |
| R2 | 895.59 | 1.91 % | ||
| R1 | 888.41 | 1.09 % | ||
| Current price: | 878.80 | |||
| Support | S1 | 865.19 | -1.55 % | |
| S2 | 858.01 | -2.37 % | ||
| S3 | 846.40 | -3.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 894.00 | 1.73 % | |
| R2 | 884.40 | 0.637 % | ||
| R1 | 884.00 | 0.592 % | ||
| Current price | 878.80 | |||
| Support | S1 | 857.60 | -2.41% | |
| S2 | 824.20 | -6.21% | ||
| S3 | 797.00 | -9.31% |
SMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £1.60 | 0.221% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £2.50 | 0.372% |
| 3 | Nov 11, 2022 | Nov 24, 2022 | Dec 16, 2022 | £1.60 | 0.217% |
| 4 | May 19, 2022 | Jun 01, 2022 | Jul 01, 2022 | £2.07 | 0.284% |
| 5 | Nov 08, 2021 | Nov 18, 2021 | Dec 03, 2021 | £1.52 | 0.109% |
FAQ
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