Brunner Investment Trust PLC Stock Forecast
Brunner Investment Trust PLC stock downgraded to Buy Candidate
(Updated on Apr 25, 2024)
The Brunner Investment Trust PLC stock price fell by -0.763% on the last day (Thursday, 25th Apr 2024) from £1,310.00 to £1,300.00. During the last trading day the stock fluctuated 3.25% from a day low at £1,273.60 to a day high of £1,315.00. The price has risen in 4 of the last 10 days and is up by 0.78% over the past 2 weeks. Volume has increased on the last day by 11 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, 72 thousand shares were bought and sold for approximately £94.20 million.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,296.01 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 11.91% during the next 3 months and, with a 90% probability hold a price between £1,450.34 and £1,491.25 at the end of this 3-month period.
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BUT.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.763%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Brunner Investment Trust 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 £1,298.57 and £1,286.57. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Friday, October 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, October 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Brunner Investment Trust PLC stock
Brunner Investment Trust PLC finds support from accumulated volume at £1,290.00 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 £41.40 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: £1,257.75 (-3.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BUT.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Brunner Investment Trust PLC to open at £1,296.20, and during the day (based on 14 day Average True Range), to move between £1,263.91 and £1,336.09, which gives a possible trading interval of +/-£36.09 (+/-2.78%) up or down from last closing price. If Brunner Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 5.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,305.00 (0.38%) than the support at £1,290.00 (0.77%), 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 Brunner Investment Trust PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Brunner Investment Trust PLC stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.321 Buy Candidate Downgraded
Predicted Opening Price for Brunner Investment Trust PLC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £1,296.20 ( 0.292%) | £1,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,337.60 | 2.89 % | |
| R2 | 1,321.79 | 1.68 % | ||
| R1 | 1,312.01 | 0.92 % | ||
| Current price: | 1,300.00 | |||
| Support | S1 | 1,280.39 | -1.51 % | |
| S2 | 1,270.61 | -2.26 % | ||
| S3 | 1,254.80 | -3.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,310.00 | 0.769 % | ||
| R1 | 1,305.00 | 0.385 % | ||
| Current price | 1,300.00 | |||
| Support | S1 | 1,290.00 | -0.769% | |
| S2 | 1,285.00 | -1.15% | ||
| S3 | 1,255.00 | -3.46% |
BUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 04, 2024 | £6.05 | 0.471% |
| 2 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0555 | 0.0055% |
| 3 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.0555 | 0.0052% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £5.55 | 0.527% |
| 5 | Feb 15, 2023 | Feb 23, 2023 | Apr 04, 2023 | £6.05 | 0.573% |
FAQ
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