Berkeley Group Holdings plc Stock Forecast
Stronger technical forecast for Berkeley Group Holdings plc stock price after Monday trading.
(Updated on Apr 15, 2024)
The Berkeley Group Holdings plc stock price gained 0.0877% on the last trading day (Monday, 15th Apr 2024), rising from £4,562.00 to £4,566.00. During the last trading day the stock fluctuated 1.81% from a day low at £4,532.00 to a day high of £4,614.00. The price has fallen in 5 of the last 10 days and is down by -4.04% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 258 thousand shares were bought and sold for approximately £1.18 billion.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.40% during the next 3 months and, with a 90% probability hold a price between £4,311.89 and £4,584.09 at the end of this 3-month period.
BKG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.0877%. 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 Berkeley Group Holdings 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 £4,590.29 and £4,653.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, April 12, 2024 and based on theory for this formation the price should go up by 8.85% to £4,970.13 within 30 trading days since signal was issued (Tuesday, April 16, 2024).
Support, Risk & Stop-loss for Berkeley Group Holdings plc stock
Berkeley Group Holdings plc finds support from accumulated volume at £4,564.00 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 £82.00 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: £4,270.73 (-6.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (BKG.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Berkeley Group Holdings plc to open at £4,570.67, and during the day (based on 14 day Average True Range), to move between £4,483.54 and £4,648.46, which gives a possible trading interval of +/-£82.46 (+/-1.81%) 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 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £4,564.00 (0.04%) than the resistance at £4,617.00 (1.12%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.188 Hold/Accumulate Upgraded
Predicted Opening Price for Berkeley Group Holdings plc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £4,570.67 ( 0.102%) | £4,566.00 |
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 | 4,652.67 | 1.90 % | |
| R2 | 4,621.34 | 1.21 % | ||
| R1 | 4,601.99 | 0.788 % | ||
| Current price: | 4,566.00 | |||
| Support | S1 | 4,539.34 | -0.584 % | |
| S2 | 4,519.99 | -1.01 % | ||
| S3 | 4,488.67 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,777.00 | 4.62 % | |
| R2 | 4,670.00 | 2.28 % | ||
| R1 | 4,617.00 | 1.12 % | ||
| Current price | 4,566.00 | |||
| Support | S1 | 4,564.00 | -0.0438% | |
| S2 | 4,562.00 | -0.0876% | ||
| S3 | 4,552.00 | -0.307% |
BKG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 29, 2024 | £33.00 | 0.694% |
| 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
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