Baronsmead Second Venture Trust plc Stock Forecast

Red day on Wednesday for Baronsmead Second Venture Trust plc
(Updated on Sep 02, 2020)

BMD.L Signals & Forecast

There are mixed signals in the stock today. The Baronsmead Second Venture Trust plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £0.709. On a fall, the stock will find some support from the short-term average at £0.677. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Baronsmead Second Venture Trust plc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.0200 between high and low, or 3.08%. For the last week the stock has had daily average volatility of 0.615%.

Our recommended stop-loss: £0.0300 (-5.00%) (Unable to calculate.)

Trading Expectations (BMD.L) For The Upcoming Trading Day Of Thursday 3rd

Is Baronsmead Second Venture Trust plc stock A Buy?

Baronsmead Second Venture Trust 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 Baronsmead Second Venture Trust plc of Thursday, September 3, 2020

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