UK Commercial Property Trust Ltd Stock Forecast
UK Commercial Property Trust Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
No changes to the price of UK Commercial Property Trust Ltd stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £71.20 to a day high of £71.20. The price has risen in 6 of the last 10 days and is up by 8.7% over the past 2 weeks.
The stock lies in the upper part of a weak rising 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 £71.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.40% during the next 3 months and, with a 90% probability hold a price between £68.88 and £75.61 at the end of this 3-month period.
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UKCM.L Signals & Forecast
The UK Commercial Property Trust Ltd 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 £69.61 and £67.72. 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 Wednesday, May 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, February 28, 2024 with a target of £68.18. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for UK Commercial Property Trust Ltd stock
UK Commercial Property Trust Ltd finds support from accumulated volume at £67.90 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.07%
Our recommended stop-loss: £68.68 (-3.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (UKCM.L) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect UK Commercial Property Trust Ltd to open at £71.20, and during the day (based on 14 day Average True Range), to move between £69.36 and £73.04, which gives a possible trading interval of +/-£1.84 (+/-2.58%) up or down from last closing price. If UK Commercial Property Trust Ltd takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £67.90, some £3.30 (4.63%) from the current price of £71.20, our system finds the risk reward attractive.
Is UK Commercial Property Trust Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for UK Commercial Property Trust Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.833 Buy Candidate Upgraded
Predicted Opening Price for UK Commercial Property Trust Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| £71.20 ( 0%) | £71.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UKCM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.20 | . | |
| R2 | 71.20 | . | ||
| R1 | 71.20 | . | ||
| Current price: | 71.20 | |||
| Support | S1 | 71.20 | . | |
| S2 | 71.20 | . | ||
| S3 | 71.20 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 71.20 | |||
| Support | S1 | 67.90 | -4.63% | |
| S2 | 66.90 | -6.04% | ||
| S3 | 63.60 | -10.67% |
UKCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Feb 29, 2024 | £0.85 | 1.33% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0085 | 0.0149% |
| 3 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | £0.85 | 1.72% |
| 4 | May 18, 2023 | May 18, 2023 | May 18, 2023 | £0.85 | 1.57% |
| 5 | Feb 01, 2023 | Feb 09, 2023 | Feb 28, 2023 | £0.85 | 1.50% |
FAQ
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