Barratt Developments plc Stock Forecast
Barratt Developments plc stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Barratt Developments plc stock price fell by -0.0890% on the last day (Thursday, 25th Apr 2024) from £449.20 to £448.80. During the last trading day the stock fluctuated 2.81% from a day low at £444.15 to a day high of £456.65. The price has fallen in 6 of the last 10 days and is down by -0.93% for this period. 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 -1 million shares and in total, 4 million shares were bought and sold for approximately £1.98 billion.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.31% during the next 3 months and, with a 90% probability hold a price between £383.37 and £418.04 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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BDEV.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Barratt Developments plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £465.34. On a fall, the stock will find some support from the short-term average at £448.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Barratt Developments plc stock
Barratt Developments plc finds support from accumulated volume at £447.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £12.50 (2.81%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: £423.26 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BDEV.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Barratt Developments plc to open at £449.87, and during the day (based on 14 day Average True Range), to move between £438.72 and £458.88, which gives a possible trading interval of +/-£10.08 (+/-2.25%) up or down from last closing price. If Barratt Developments plc takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £447.60 (0.27%) than the resistance at £466.50 (3.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barratt Developments plc stock A Buy?
Barratt Developments 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: -0.401 Hold/Accumulate Upgraded
Predicted Opening Price for Barratt Developments plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £449.87 ( 0.238%) | £448.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDEV.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 462.37 | 3.02 % | |
| R2 | 457.59 | 1.96 % | ||
| R1 | 454.64 | 1.30 % | ||
| Current price: | 448.80 | |||
| Support | S1 | 445.09 | -0.83 % | |
| S2 | 442.14 | -1.48 % | ||
| S3 | 437.37 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 501.00 | 11.63 % | |
| R2 | 478.00 | 6.51 % | ||
| R1 | 466.50 | 3.94 % | ||
| Current price | 448.80 | |||
| Support | S1 | 447.60 | -0.267% | |
| S2 | 446.30 | -0.557% | ||
| S3 | 446.00 | -0.624% |
BDEV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2023 | Apr 06, 2023 | May 18, 2023 | £10.20 | 2.01% |
| 2 | Sep 07, 2022 | Sep 29, 2022 | Nov 04, 2022 | £25.70 | 6.61% |
| 3 | Feb 09, 2022 | Apr 07, 2022 | May 18, 2022 | £11.20 | 2.31% |
| 4 | Sep 02, 2021 | Sep 30, 2021 | Nov 09, 2021 | £21.90 | 3.37% |
| 5 | Feb 04, 2021 | Apr 15, 2021 | May 10, 2021 | £7.50 | 0.96% |
FAQ
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