UK Commercial Property Trust Ltd Stock Forecast
UK Commercial Property Trust Ltd stock price down 0% on Tuesday
(Updated on Jul 02, 2024)
No changes to the price of UK Commercial Property Trust Ltd stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at £72.90 to a day high of £72.90. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a 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 12.06% during the next 3 months and, with a 90% probability hold a price between £79.13 and £85.42 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 £72.90 and £72.35. A breakdown below any of these levels will issue sell signals. 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, July 01, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, April 19, 2024 with a target of £66.70. 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 £71.10 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 0%
Our recommended stop-loss: £69.98 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (UKCM.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect UK Commercial Property Trust Ltd to open at £72.90, and during the day (based on 14 day Average True Range), to move between £72.60 and £73.20, which gives a possible trading interval of +/-£0.304 (+/-0.42%) 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 0.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £71.10, some £1.80 (2.47%) from the current price of £72.90, our system finds the risk reward attractive.
Is UK Commercial Property Trust Ltd stock A Buy?
UK Commercial Property Trust Ltd 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for UK Commercial Property Trust Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £72.90 ( 0%) | £72.90 |
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 | |
|---|---|---|
| R3 | 72.90 | - |
| R2 | 72.90 | - |
| R1 | 72.90 | - |
| Price | 72.90 | |
| S1 | 72.90 | - |
| S2 | 72.90 | - |
| S3 | 72.90 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 72.90 | |
| S1 | 71.10 | -2.47% |
| S2 | 70.90 | -2.74% |
| S3 | 69.50 | -4.66% |
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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