Baillie Gifford Japan Trust plc Stock Forecast
Baillie Gifford Japan Trust plc stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The Baillie Gifford Japan Trust plc stock price gained 0.281% on the last trading day (Wednesday, 24th Apr 2024), rising from £712.00 to £714.00. During the last trading day the stock fluctuated 0.700% from a day low at £714.00 to a day high of £719.00. The price has fallen in 5 of the last 10 days and is down by -3.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 529 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £725.67 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £705.24 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Baillie Gifford Japan Trust plc stock with a 90% probability to be traded between £709.85 and £772.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BGFD.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.28%. Further rise is indicated until a new top pivot has been found. 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. The Baillie Gifford Japan Trust 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 £739.17. On a fall, the stock will find some support from the short-term average at £711.29. 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).
Support, Risk & Stop-loss for Baillie Gifford Japan Trust plc stock
Baillie Gifford Japan Trust plc finds support from accumulated volume at £712.00 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 £5.00 (0.700%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: £670.69 (-6.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BGFD.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Baillie Gifford Japan Trust plc to open at £715.67, and during the day (based on 14 day Average True Range), to move between £704.01 and £723.99, which gives a possible trading interval of +/-£9.99 (+/-1.40%) 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 2.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £712.00 (0.28%) than the resistance at £733.00 (2.66%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Baillie Gifford Japan Trust plc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.799 Buy Candidate Upgraded
Predicted Opening Price for Baillie Gifford Japan Trust plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £715.67 ( 0.233%) | £714.00 |
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 | 720.67 | 0.93 % | |
| R2 | 718.76 | 0.666 % | ||
| R1 | 717.58 | 0.501 % | ||
| Current price: | 714.00 | |||
| Support | S1 | 713.76 | -0.0341 % | |
| S2 | 712.58 | -0.199 % | ||
| S3 | 710.67 | -0.467 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 742.00 | 3.92 % | |
| R2 | 737.00 | 3.22 % | ||
| R1 | 733.00 | 2.66 % | ||
| Current price | 714.00 | |||
| Support | S1 | 712.00 | -0.280% | |
| S2 | 711.00 | -0.420% | ||
| S3 | 707.00 | -0.98% |
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
Click here for our free guide on how to buy Baillie Gifford Japan Trust plc Stock.
