Baillie Gifford Japan Trust plc Stock Forecast
Evaluation of Baillie Gifford Japan Trust plc stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The Baillie Gifford Japan Trust plc stock price fell by -0.704% on the last day (Friday, 19th Apr 2024) from £710.00 to £705.00. During the last trading day the stock fluctuated 2.59% from a day low at £696.92 to a day high of £715.00. The price has fallen in 7 of the last 10 days and is down by -5.37% 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 -30 thousand shares and in total, 189 thousand shares were bought and sold for approximately £133.21 million.
Given the current short-term trend, the stock is expected to rise 2.72% during the next 3 months and, with a 90% probability hold a price between £724.17 and £793.26 at the end of this 3-month period.
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BGFD.L Signals & Forecast
There are few to no technical positive signals at the moment. The Baillie Gifford Japan Trust plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £719.86 and £742.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -7.96%. 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 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 Baillie Gifford Japan Trust plc stock
Baillie Gifford Japan Trust plc finds support from accumulated volume at £704.00 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 £18.08 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 1.71%.
Baillie Gifford Japan Trust plc is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGFD.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Baillie Gifford Japan Trust plc to open at £705.64, and during the day (based on 14 day Average True Range), to move between £694.45 and £715.55, which gives a possible trading interval of +/-£10.55 (+/-1.50%) up or down from last closing price. If Baillie Gifford Japan Trust plc takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £704.00 (0.14%) than the resistance at £733.00 (3.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baillie Gifford Japan Trust plc stock A Buy?
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 weakly 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 analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.129 Sell Candidate Downgraded
Predicted Opening Price for Baillie Gifford Japan Trust plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £705.64 ( 0.0908%) | £705.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGFD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 723.72 | 2.66 % | |
| R2 | 716.81 | 1.68 % | ||
| R1 | 712.55 | 1.07 % | ||
| Current price: | 705.00 | |||
| Support | S1 | 698.73 | -0.89 % | |
| S2 | 694.47 | -1.49 % | ||
| S3 | 687.56 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 742.00 | 5.25 % | |
| R2 | 737.00 | 4.54 % | ||
| R1 | 733.00 | 3.97 % | ||
| Current price | 705.00 | |||
| Support | S1 | 704.00 | -0.142% | |
| S2 | 703.00 | -0.284% | ||
| S3 | 0 | . |
BGFD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.100 | 0.0151% |
| 2 | Oct 19, 2022 | Nov 10, 2022 | Dec 21, 2022 | £9.00 | 1.19% |
| 3 | Oct 14, 2021 | Nov 11, 2021 | Dec 21, 2021 | £6.00 | 0.615% |
| 4 | Oct 07, 2020 | Nov 12, 2020 | Dec 11, 2020 | £4.50 | 0.425% |
| 5 | Oct 09, 2019 | Nov 14, 2019 | Dec 13, 2019 | £3.50 | 0.427% |
FAQ
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