Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BKG.L
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Green day on Wednesday for Berkeley Group Holdings plc
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.50% PDF

The Berkeley Group Holdings plc stock price gained 0.0210% on the last trading day (Wednesday, 27th Mar 2024), rising from £4,761.00 to £4,762.00. During the last trading day the stock fluctuated 1.01% from a day low at £4,744.00 to a day high of £4,792.00. The price has risen in 6 of the last 10 days and is up by 3.41% over the past 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 154 thousand shares were bought and sold for approximately £731.03 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a falling 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 £4,777.03 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.87% during the next 3 months and, with a 90% probability hold a price between £4,377.69 and £4,639.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BKG.L Signals & Forecast

The Berkeley Group 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 £4,718.29 and £4,678.00. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Thursday, March 21, 2024, and so far it has fallen -0.501%. Further fall is indicated until a new bottom pivot has been found.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, March 21, 2024 and based on theory for this formation the price should fall by -3.84% to £4,579.14 within 21 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Berkeley Group Holdings plc stock

Berkeley Group Holdings plc finds support from accumulated volume at £4,761.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £48.00 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: £4,601.97 (-3.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (BKG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Berkeley Group Holdings plc to open at £4,766.00, and during the day (based on 14 day Average True Range), to move between £4,681.03 and £4,842.97, which gives a possible trading interval of +/-£80.97 (+/-1.70%) up or down from last closing price. If Berkeley Group Holdings plc takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £4,761.00 (0.02%) than the resistance at £4,777.00 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Berkeley Group Holdings plc stock A Buy?

Berkeley Group Holdings plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.350 Hold/Accumulate Unchanged

Predicted Opening Price for Berkeley Group Holdings plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£4,766.00 ( 0.0840%) £4,762.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BKG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4,814.00 1.09 %
R2 4,795.66 0.707 %
R1 4,784.34 0.469 %
Current price: 4,762.00
Support S1 4,747.66 -0.301 %
S2 4,736.34 -0.539 %
S3 4,718.00 -0.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4,786.00 0.504 %
R2 4,785.00 0.483 %
R1 4,777.00 0.315 %
Current price 4,762.00
Support S1 4,761.00 -0.0210%
S2 4,670.00 -1.93%
S3 4,617.00 -3.04%

BKG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Mar 29, 2024 £33.00 0.693%
2 Aug 17, 2023 Aug 17, 2023 Aug 17, 2023 £59.30 1.46%
3 Feb 23, 2023 Mar 02, 2023 Mar 24, 2023 £69.44 1.73%
4 Aug 11, 2022 Aug 18, 2022 Sep 09, 2022 £21.25 0.600%
5 Feb 25, 2021 Mar 04, 2021 Mar 19, 2021 £9.13 0.208%

FAQ

What is the symbol for Berkeley Group Holdings plc Stock and on which exchange is it traded?
The symbol for Berkeley Group Holdings plc is BKG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Berkeley Group Holdings plc Stock?
Berkeley Group Holdings plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Berkeley Group Holdings plc Stock?
Berkeley Group Holdings plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Berkeley Group Holdings plc Stock.

What's the current price of Berkeley Group Holdings plc Stock?
As of the end of day on the 2024-03-27, the price of an Berkeley Group Holdings plc (BKG.L) share was £4,762.00.

What is the 52-week high and low for Berkeley Group Holdings plc Stock?
The 52-week high for Berkeley Group Holdings plc Stock is £4,980.00 and the 52-week low is £3,634.00.

What is the market capitalization of Berkeley Group Holdings plc Stock?
As of the 2024-03-27, the market capitalization of Berkeley Group Holdings plc is 5.048B.

When is the next earnings date for Berkeley Group Holdings plc?
The upcoming earnings date for Berkeley Group Holdings plc is Jun 19, 2024.
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About Berkeley Group Holdings plc

Berkeley Group Holdings plc The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names. The company was founded in 1976 and is headquartered in Cobham, the United Kingdom.... BKG.L Profile

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