BlackRock Throgmorton Trust Plc Stock Forecast
Red day on Wednesday for BlackRock Throgmorton Trust Plc stock after losing 0.508%
(Updated on Apr 24, 2024)
The BlackRock Throgmorton Trust Plc stock price fell by -0.508% on the last day (Wednesday, 24th Apr 2024) from £590.00 to £587.00. During the last trading day the stock fluctuated 1.54% from a day low at £584.00 to a day high of £593.00. The price has fallen in 5 of the last 10 days but is still up by 0.86% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -116 thousand shares and in total, 156 thousand shares were bought and sold for approximately £91.34 million.
The stock lies the upper part of a narrow and falling 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 £589.48 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.16% during the next 3 months and, with a 90% probability hold a price between £538.13 and £559.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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THRG.L Signals & Forecast
The BlackRock Throgmorton 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 £578.86 and £582.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.98%. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, April 10, 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 stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 10, 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 stock in question.
Support, Risk & Stop-loss for BlackRock Throgmorton Trust Plc stock
BlackRock Throgmorton Trust Plc finds support from accumulated volume at £584.00 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 £9.00 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: £557.38 (-5.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (THRG.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect BlackRock Throgmorton Trust Plc to open at £588.00, and during the day (based on 14 day Average True Range), to move between £578.15 and £595.85, which gives a possible trading interval of +/-£8.85 (+/-1.51%) up or down from last closing price. If BlackRock Throgmorton Trust Plc takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £588.00 (0.17%) than the support at £584.00 (0.51%), 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 BlackRock Throgmorton Trust Plc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.532 Buy Candidate Unchanged
Predicted Opening Price for BlackRock Throgmorton Trust Plc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
£588.00 ( 0.170%) | £587.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THRG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 597.00 | 1.70 % | |
R2 | 593.56 | 1.12 % | ||
R1 | 591.44 | 0.756 % | ||
Current price: | 587.00 | |||
Support | S1 | 584.56 | -0.415 % | |
S2 | 582.44 | -0.777 % | ||
S3 | 579.00 | -1.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 608.00 | 3.58 % | |
R2 | 604.00 | 2.90 % | ||
R1 | 588.00 | 0.170 % | ||
Current price | 587.00 | |||
Support | S1 | 584.00 | -0.511% | |
S2 | 582.00 | -0.85% | ||
S3 | 579.00 | -1.36% |
THRG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Feb 22, 2024 | Mar 28, 2024 | £11.45 | 1.95% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.0330 | 0.0058% |
3 | Feb 10, 2023 | Feb 23, 2023 | Mar 31, 2023 | £8.50 | 1.46% |
4 | Jul 20, 2022 | Jul 28, 2022 | Aug 26, 2022 | £2.60 | 0.450% |
5 | Feb 07, 2022 | Feb 17, 2022 | Mar 31, 2022 | £8.00 | 1.06% |
FAQ
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