Billington Holdings Plc Stock Forecast
Stronger technical forecast for Billington Holdings Plc stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Billington Holdings Plc stock price gained 3.81% on the last trading day (Thursday, 25th Apr 2024), rising from £525.00 to £545.00. During the last trading day the stock fluctuated 3.77% from a day low at £530.00 to a day high of £550.00. The price has risen in 7 of the last 10 days and is up by 18.48% 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, 43 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately £39.36 million.
Given the current short-term trend, the stock is expected to rise 23.16% during the next 3 months and, with a 90% probability hold a price between £563.71 and £671.23 at the end of this 3-month period.
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BILN.L Signals & Forecast
Mostly positive signals in the chart today. 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 £512.86 and £450.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 16, 2024, and so far it has risen 43.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Billington Holdings Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £495.00 and £485.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Billington Holdings Plc finds support just below today's level at £495.00. If this is broken, then the next support from accumulated volume will be at £485.00 and £450.00.
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 £20.00 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: £526.47 (-3.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (BILN.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Billington Holdings Plc to open at £541.67, and during the day (based on 14 day Average True Range), to move between £524.41 and £565.59, which gives a possible trading interval of +/-£20.59 (+/-3.78%) up or down from last closing price. If Billington Holdings Plc takes out the full calculated possible swing range there will be an estimated 7.56% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £495.00, some £50.00 (9.17%) from the current price of £545.00, our system finds the risk reward attractive.
Is Billington Holdings Plc stock A Buy?
Billington Holdings Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.088 Strong Buy Candidate Upgraded
Predicted Opening Price for Billington Holdings Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £541.67 ( 0.612%) | £545.00 |
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 | 561.67 | 3.06 % | |
| R2 | 554.03 | 1.66 % | ||
| R1 | 549.31 | 0.790 % | ||
| Current price: | 545.00 | |||
| Support | S1 | 534.03 | -2.01 % | |
| S2 | 529.31 | -2.88 % | ||
| S3 | 521.67 | -4.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 545.00 | |||
| Support | S1 | 495.00 | -9.17% | |
| S2 | 485.00 | -11.01% | ||
| S3 | 450.00 | -17.43% |
BILN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jul 02, 2024 | £33.00 | 6.06% |
| 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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