Belvoir Lettings PLC Stock Forecast
Belvoir Lettings PLC stock price ended at £279.00 on Wednesday, after losing 0%.
(Updated on Apr 17, 2024)
No changes to the price of Belvoir Lettings PLC stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £279.00 to a day high of £279.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £276.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.48% during the next 3 months and, with a 90% probability hold a price between £297.56 and £316.23 at the end of this 3-month period.
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BLV.L Signals & Forecast
The Belvoir Lettings 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 £279.00 and £278.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 1.45%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Belvoir Lettings PLC stock
Belvoir Lettings PLC finds support from accumulated volume at £275.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: £263.15 (-5.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (BLV.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Belvoir Lettings PLC to open at £279.00, and during the day (based on 14 day Average True Range), to move between £277.96 and £280.04, which gives a possible trading interval of +/-£1.04 (+/-0.37%) up or down from last closing price. If Belvoir Lettings PLC takes out the full calculated possible swing range there will be an estimated 0.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £280.00 (0.36%) than the support at £275.00 (1.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Belvoir Lettings PLC stock A Buy?
Belvoir Lettings 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Belvoir Lettings PLC of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £279.00 ( 0%) | £279.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLV.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 279.00 | . | |
| R2 | 279.00 | . | ||
| R1 | 279.00 | . | ||
| Current price: | 279.00 | |||
| Support | S1 | 279.00 | . | |
| S2 | 279.00 | . | ||
| S3 | 279.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 282.00 | 1.08 % | |
| R2 | 281.76 | 0.99 % | ||
| R1 | 280.00 | 0.358 % | ||
| Current price | 279.00 | |||
| Support | S1 | 275.00 | -1.43% | |
| S2 | 262.00 | -6.09% | ||
| S3 | 258.00 | -7.53% |
BLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | £5.00 | 2.33% |
| 2 | Sep 05, 2022 | Sep 15, 2022 | Oct 28, 2022 | £4.00 | 2.03% |
| 3 | Apr 04, 2022 | Apr 14, 2022 | May 30, 2022 | £4.50 | 1.73% |
| 4 | Sep 06, 2021 | Sep 16, 2021 | Oct 29, 2021 | £4.00 | 1.52% |
| 5 | Apr 12, 2021 | Apr 22, 2021 | Jun 01, 2021 | £5.10 | 2.07% |
FAQ
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