Beazley plc Stock Forecast
Green day on Wednesday for Beazley plc stock after gaining 0.299%
(Updated on Mar 27, 2024)
The Beazley plc stock price gained 0.299% on the last trading day (Wednesday, 27th Mar 2024), rising from £669.50 to £671.50. During the last trading day the stock fluctuated 2.48% from a day low at £665.00 to a day high of £681.50. The price has fallen in 5 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 714 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately £2.27 billion.
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 39.49% during the next 3 months and, with a 90% probability hold a price between £914.97 and £988.15 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BEZ.L Signals & Forecast
The Beazley plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £682.50. On a fall, the stock will find some support from the long-term average at approximately £637.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 -3.03%. 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).
Support, Risk & Stop-loss for Beazley plc stock
Beazley plc finds support from accumulated volume at £669.50 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 £16.50 (2.48%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: £639.74 (-4.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (BEZ.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Beazley plc to open at £672.67, and during the day (based on 14 day Average True Range), to move between £656.43 and £686.57, which gives a possible trading interval of +/-£15.07 (+/-2.24%) up or down from last closing price. If Beazley 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 £669.50 (0.30%) than the resistance at £684.00 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beazley plc 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 Beazley plc stock to perform well in the short-term.
Current score: 2.883 Buy Candidate Unchanged
Predicted Opening Price for Beazley plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£672.67 ( 0.174%) | £671.50 |
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 | 689.17 | 2.63 % | |
R2 | 682.86 | 1.69 % | ||
R1 | 678.97 | 1.11 % | ||
Current price: | 671.50 | |||
Support | S1 | 666.36 | -0.765 % | |
S2 | 662.47 | -1.34 % | ||
S3 | 656.17 | -2.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 692.50 | 3.13 % | |
R2 | 689.00 | 2.61 % | ||
R1 | 684.00 | 1.86 % | ||
Current price | 671.50 | |||
Support | S1 | 669.50 | -0.298% | |
S2 | 646.00 | -3.80% | ||
S3 | 514.00 | -23.45% |
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
Click here for our free guide on how to buy Beazley plc Stock.