Beazley plc Stock Forecast
Beazley plc stock price ended at £668.00 on Tuesday, after losing 0.224%.
(Updated on Apr 23, 2024)
The Beazley plc stock price fell by -0.224% on the last day (Tuesday, 23rd Apr 2024) from £669.50 to £668.00. During the last trading day the stock fluctuated 1.20% from a day low at £666.50 to a day high of £674.50. The price has risen in 6 of the last 10 days and is up by 2.06% over the past 2 weeks. Volume has increased on the last day by 3 million 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, 4 million shares were bought and sold for approximately £2.85 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £659.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.77% during the next 3 months and, with a 90% probability hold a price between £822.79 and £929.54 at the end of this 3-month period.
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BEZ.L Signals & Forecast
The Beazley 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 £663.07 and £665.24. 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 Wednesday, March 20, 2024, and so far it has fallen -3.54%. 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 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 Friday, April 19, 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 Friday, April 19, 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 Beazley plc stock
Beazley plc finds support from accumulated volume at £653.00 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 £8.00 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: £647.15 (-3.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (BEZ.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Beazley plc to open at £669.67, and during the day (based on 14 day Average True Range), to move between £651.81 and £684.19, which gives a possible trading interval of +/-£16.19 (+/-2.42%) up or down from last closing price. If Beazley plc takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £669.50 (0.22%) than the support at £653.00 (2.25%), 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 Beazley plc stock A Buy?
Beazley plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.268 Hold/Accumulate Unchanged
Predicted Opening Price for Beazley plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £669.67 ( 0.250%) | £668.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEZ.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 677.67 | 1.45 % | |
| R2 | 674.61 | 0.99 % | ||
| R1 | 672.72 | 0.707 % | ||
| Current price: | 668.00 | |||
| Support | S1 | 666.61 | -0.208 % | |
| S2 | 664.72 | -0.491 % | ||
| S3 | 661.67 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 684.00 | 2.40 % | |
| R2 | 671.50 | 0.524 % | ||
| R1 | 669.50 | 0.225 % | ||
| Current price | 668.00 | |||
| Support | S1 | 653.00 | -2.25% | |
| S2 | 652.00 | -2.40% | ||
| S3 | 646.00 | -3.29% |
BEZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 02, 2023 | Mar 09, 2023 | Apr 28, 2023 | £13.50 | 2.27% |
| 2 | Feb 10, 2022 | Feb 17, 2022 | Mar 30, 2022 | £12.90 | 3.01% |
| 3 | Feb 06, 2020 | Feb 27, 2020 | Mar 30, 2020 | £8.20 | 2.13% |
| 4 | Jul 23, 2019 | Aug 01, 2019 | Aug 29, 2019 | £4.10 | 0.718% |
| 5 | Feb 07, 2019 | Feb 28, 2019 | Mar 27, 2019 | £7.80 | 1.52% |
FAQ
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