Billington Holdings Plc Stock Forecast
Billington Holdings Plc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Billington Holdings Plc stock price gained 1.04% on the last trading day (Thursday, 18th Apr 2024), rising from £480.00 to £485.00. During the last trading day the stock fluctuated 3.32% from a day low at £474.25 to a day high of £490.00. The price has risen in 5 of the last 10 days and is up by 7.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 169 thousand more shares were traded than the day before. In total, 224 thousand shares were bought and sold for approximately £108.66 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £496.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.99% during the next 3 months and, with a 90% probability hold a price between £473.08 and £561.38 at the end of this 3-month period.
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BILN.L Signals & Forecast
The Billington Holdings Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £477.14 and £432.11. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 16, 2024, and so far it has fallen -2.02%. 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 Billington Holdings Plc stock
Billington Holdings Plc finds support from accumulated volume at £480.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £15.75 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 5.13%.
Our recommended stop-loss: £463.92 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BILN.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Billington Holdings Plc to open at £483.08, and during the day (based on 14 day Average True Range), to move between £465.88 and £504.12, which gives a possible trading interval of +/-£19.12 (+/-3.94%) up or down from last closing price. If Billington Holdings Plc takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £480.00 (1.03%) than the resistance at £495.00 (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Billington Holdings 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 Billington Holdings Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.049 Buy Candidate Upgraded
Predicted Opening Price for Billington Holdings Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £483.08 ( 0.395%) | £485.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BILN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 498.83 | 2.85 % | |
| R2 | 492.82 | 1.61 % | ||
| R1 | 489.10 | 0.85 % | ||
| Current price: | 485.00 | |||
| Support | S1 | 477.07 | -1.64 % | |
| S2 | 473.35 | -2.40 % | ||
| S3 | 467.33 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 495.00 | 2.06 % | ||
| Current price | 485.00 | |||
| Support | S1 | 480.00 | -1.03% | |
| S2 | 450.00 | -7.22% | ||
| S3 | 400.00 | -17.53% |
BILN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jul 02, 2024 | £33.00 | 6.80% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £15.50 | 3.88% |
| 3 | Apr 26, 2022 | Jun 01, 2022 | Jul 04, 2022 | £3.00 | 1.36% |
| 4 | Apr 13, 2021 | Jun 03, 2021 | Jul 06, 2021 | £4.25 | 1.39% |
| 5 | Apr 09, 2019 | Jun 06, 2019 | Jul 05, 2019 | £13.00 | 3.94% |
FAQ
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