BlackRock Throgmorton 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
Evaluation of BlackRock Throgmorton Trust Plc stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The BlackRock Throgmorton Trust Plc stock price fell by -0.507% on the last day (Tuesday, 30th Apr 2024) from £592.00 to £589.00. During the last trading day the stock fluctuated 1.03% from a day low at £588.00 to a day high of £594.05. The price has been going up and down for this period, and there has been a 2.97% gain for the last 2 weeks. Volume has increased on the last day by 158 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 365 thousand shares were bought and sold for approximately £214.77 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 £591.58 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 -4.19% during the next 3 months and, with a 90% probability hold a price between £542.53 and £566.81 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £587.43 and £583.03. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.507%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 £6.05 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THRG.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect BlackRock Throgmorton Trust Plc to open at £590.35, and during the day (based on 14 day Average True Range), to move between £580.34 and £597.66, which gives a possible trading interval of +/-£8.66 (+/-1.47%) 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 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £592.00 (0.51%) than the support at £584.00 (0.85%), 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?
BlackRock Throgmorton Trust Plc 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.424 Sell Candidate Downgraded
Predicted Opening Price for BlackRock Throgmorton Trust Plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £590.35 ( 0.229%) | £589.00 |
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 | 596.40 | 1.26 % | |
| R2 | 594.09 | 0.86 % | ||
| R1 | 592.66 | 0.622 % | ||
| Current price: | 589.00 | |||
| Support | S1 | 588.04 | -0.163 % | |
| S2 | 586.61 | -0.406 % | ||
| S3 | 584.30 | -0.798 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 608.00 | 3.23 % | |
| R2 | 604.00 | 2.55 % | ||
| R1 | 592.00 | 0.509 % | ||
| Current price | 589.00 | |||
| Support | S1 | 584.00 | -0.85% | |
| S2 | 582.00 | -1.19% | ||
| S3 | 579.00 | -1.70% |
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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