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 BMK.L
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Benchmark Holdings Plc stock price down 1.00% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 20, 2024 Gain 2.94% PDF

The Benchmark Holdings Plc stock price fell by -1.00% on the last day (Wednesday, 27th Mar 2024) from £44.95 to £44.50. During the last trading day the stock fluctuated 6.74% from a day low at £43.00 to a day high of £45.90. The price has fallen in 5 of the last 10 days and is down by -2.84% for this period. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 16 thousand shares were bought and sold for approximately £711.07 thousand.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £43.45 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 32.50% during the next 3 months and, with a 90% probability hold a price between £57.57 and £66.97 at the end of this 3-month period.

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BMK.L Signals & Forecast

There are few to no technical positive signals at the moment. The Benchmark Holdings 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 £45.48. On a fall, the stock will find some support from the short-term average at £44.45. 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 Friday, March 01, 2024, and so far it has fallen -5.32%. 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). Benchmark Holdings Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Benchmark Holdings Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £41.00 and £37.00. 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, Benchmark Holdings Plc finds support just below today's level at £41.00. If this is broken, then the next support from accumulated volume will be at £37.00 and £35.00.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £2.90 (6.74%) between high and low. For the last week, the stock has had daily average volatility of 4.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Thursday, 28th we expect Benchmark Holdings Plc to open at £44.47, and during the day (based on 14 day Average True Range), to move between £42.55 and £46.45, which gives a possible trading interval of +/-£1.95 (+/-4.37%) up or down from last closing price. If Benchmark Holdings Plc takes out the full calculated possible swing range there will be an estimated 8.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £45.00 (1.12%) than the support at £41.00 (7.87%), 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 Benchmark Holdings Plc stock A Buy?

The Benchmark Holdings Plc stock holds several negative signals and despite the positive trend, we believe Benchmark Holdings Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.950 Sell Candidate Unchanged

Predicted Opening Price for Benchmark Holdings Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£44.47 ( 0.0749%) £44.50

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

Trading levels for BMK.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 47.37 6.44 %
R2 46.26 3.95 %
R1 45.57 2.41 %
Current price: 44.50
Support S1 43.36 -2.56 %
S2 42.67 -4.10 %
S3 41.57 -6.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 46.00 3.37 %
R2 45.90 3.15 %
R1 45.00 1.12 %
Current price 44.50
Support S1 41.00 -7.87%
S2 37.00 -16.85%
S3 35.00 -21.35%

FAQ

What is the symbol for Benchmark Holdings Plc Stock and on which exchange is it traded?
The symbol for Benchmark Holdings Plc is BMK.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Benchmark Holdings Plc Stock?
The Benchmark Holdings Plc stock holds several negative signals and despite the positive trend, we believe Benchmark Holdings Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Benchmark Holdings Plc Stock?
Benchmark 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 Benchmark Holdings Plc Stock.

What's the current price of Benchmark Holdings Plc Stock?
As of the end of day on the 2024-03-27, the price of an Benchmark Holdings Plc (BMK.L) share was £44.50.

What is the 52-week high and low for Benchmark Holdings Plc Stock?
The 52-week high for Benchmark Holdings Plc Stock is £48.00 and the 52-week low is £33.15.

What is the market capitalization of Benchmark Holdings Plc Stock?
As of the 2024-03-27, the market capitalization of Benchmark Holdings Plc is 329.073M.

When is the next earnings date for Benchmark Holdings Plc?
The upcoming earnings date for Benchmark Holdings Plc is May 21, 2024.
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About Benchmark Holdings Plc

Benchmark Holdings Plc Benchmark Holdings plc, together with its subsidiaries, provides technical services, products, and specialist knowledge that supports the development of food and farming industries in the United Kingdom, Norway, the Faroe Islands, Ecuador, India, Greece, Singapore, Chile, Turkey, rest of the Europe, and internationally. The company operates through Genetics, Advanced Nutrition, and Health segments. The Genetics segment offers salmon breeding tech... BMK.L Profile

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