BGFD.L Forecast and Technical Stock AnalysisSell candidate since 2019-07-18
Baillie Gifford Japan Trust plc fell by -2.22% in the last day ( Thursday, 18th Jul 2019 ) from £8.10 to £7.92 During day the stock fluctuated 1.26% from a day low at £7.92 to a day high of £8.02. The price has fallen in 6 of the last 10 days and is down by -3.88% for this period. Volume has increased in the last day by 129 743 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 179 409 shares bought and sold for approximately £1.42 million.
- 30 day high of the BGFD.L stock price was £8.30 and low was £7.84.
- 90 day high was £8.30 and low was £7.56.
- 52 week high for the Baillie Gifford Japan Trust plc - £858.00 and low - £6.60.
Baillie Gifford Japan Trust plc lies in the middle of a weak 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 4.74% during the next 3 months and, with 90% probability hold a price between £8.19 and £8.73 at the end of this period.
There are few to none technical positive signals at the moment. Baillie Gifford Japan Trust plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £8.09 and £7.97. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 05, 2019, which indicates further falls until a new bottom pivot has been found. Baillie Gifford Japan Trust plc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 44 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Baillie Gifford Japan Trust plc finds support from accumulated volume at £7.90.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.10 (1.26%) between high and low. For the last week, the stock has had a daily average volatility of 1.09%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.09 %Average volatility
Very Low Low Medium High Very High
The Baillie Gifford Japan Trust plc stock holds several negative signals and despite the positive trend we believe Baillie Gifford Japan Trust plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
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