TR Property Investment Trust plc Stock Forecast
TR Property Investment Trust plc stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The TR Property Investment Trust plc stock price gained 1.44% on the last trading day (Thursday, 2nd May 2024), rising from £313.50 to £318.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.58% from a day low at £310.00 to a day high of £318.00. The price has risen in 6 of the last 10 days and is up by 1.76% 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, 75 thousand more shares were traded than the day before. In total, 496 thousand shares were bought and sold for approximately £157.60 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TR Property Investment Trust plc stock with a 90% probability to be traded between £298.58 and £319.44 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TRY.L Signals & Forecast
The TR Property 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 £311.29 and £314.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.26%. 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.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 7.86% to £342.99 within 35 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for TR Property Investment Trust plc stock
TR Property Investment Trust plc finds support from accumulated volume at £316.50 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 £8.00 between high and low, or 2.58%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: £303.37 (-4.60%) (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 (TRY.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect TR Property Investment Trust plc to open at £315.33, and during the day (based on 14 day Average True Range), to move between £311.67 and £324.33, which gives a possible trading interval of +/-£6.33 (+/-1.99%) up or down from last closing price. If TR Property Investment Trust plc takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £316.50 (0.47%) than the resistance at £320.00 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TR Property Investment Trust plc stock A Buy?
TR Property Investment Trust plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.472 Hold/Accumulate Upgraded
Predicted Opening Price for TR Property Investment Trust plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £315.33 ( 0.84%) | £318.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRY.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 323.33 | 1.68 % | |
| R2 | 320.28 | 0.716 % | ||
| R1 | 318.39 | 0.122 % | ||
| Current price: | 318.00 | |||
| Support | S1 | 312.28 | -1.80 % | |
| S2 | 310.39 | -2.39 % | ||
| S3 | 307.33 | -3.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 323.50 | 1.73 % | |
| R2 | 321.50 | 1.10 % | ||
| R1 | 320.00 | 0.629 % | ||
| Current price | 318.00 | |||
| Support | S1 | 316.50 | -0.472% | |
| S2 | 315.00 | -0.94% | ||
| S3 | 305.00 | -4.09% |
TRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0.0565 | 0.0172% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £9.85 | 3.72% |
| 3 | Dec 05, 2022 | Dec 15, 2022 | Jan 12, 2023 | £5.65 | 1.72% |
| 4 | Jun 01, 2022 | Jun 23, 2022 | Aug 02, 2022 | £9.20 | 2.34% |
| 5 | Dec 03, 2021 | Dec 16, 2021 | Jan 14, 2022 | £5.30 | 1.07% |
FAQ
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