BATM Advanced Communications Limited Stock Forecast
BATM Advanced Communications Limited stock downgraded to Sell Candidate
(Updated on Apr 23, 2024)
The BATM Advanced Communications Limited stock price fell by -0.263% on the last day (Tuesday, 23rd Apr 2024) from £19.00 to £18.95. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.10% from a day low at £18.45 to a day high of £19.58. The price has fallen in 7 of the last 10 days and is down by -0.66% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 62 thousand shares were bought and sold for approximately £1.17 million.
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 -15.60% during the next 3 months and, with a 90% probability hold a price between £15.08 and £16.44 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BVC.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BATM Advanced Communications Limited 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 £19.39. On a fall, the stock will find some support from the short-term average at £18.94. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for BATM Advanced Communications Limited stock
BATM Advanced Communications Limited finds support from accumulated volume at £18.88 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 controlled movements and therefore the general risk is considered 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 £1.13 between high and low, or 6.10%. For the last week the stock has had daily average volatility of 6.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BVC.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect BATM Advanced Communications Limited to open at £18.99, and during the day (based on 14 day Average True Range), to move between £17.83 and £20.07, which gives a possible trading interval of +/-£1.12 (+/-5.91%) up or down from last closing price. If BATM Advanced Communications Limited takes out the full calculated possible swing range there will be an estimated 11.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £18.88 (0.40%) than the resistance at £19.40 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BATM Advanced Communications Limited stock A Buy?
BATM Advanced Communications Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.453 Sell Candidate Downgraded
Predicted Opening Price for BATM Advanced Communications Limited of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
£18.99 ( 0.220%) | £18.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVC.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.12 | 6.16 % | |
R2 | 19.69 | 3.89 % | ||
R1 | 19.42 | 2.49 % | ||
Current price: | 18.95 | |||
Support | S1 | 18.56 | -2.05 % | |
S2 | 18.30 | -3.45 % | ||
S3 | 17.87 | -5.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.48 | 13.32 % | |
R2 | 19.65 | 3.69 % | ||
R1 | 19.40 | 2.37 % | ||
Current price | 18.95 | |||
Support | S1 | 18.88 | -0.396% | |
S2 | 18.68 | -1.45% | ||
S3 | 18.10 | -4.49% |
BVC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 22, 2021 | Dec 09, 2021 | Jan 05, 2022 | £0.740 | 0.89% |
2 | Mar 07, 2011 | Jun 22, 2011 | Jul 18, 2011 | £0.80 | 3.56% |
3 | Feb 08, 2010 | Jun 30, 2010 | Jul 26, 2010 | £0.550 | 1.96% |
4 | Mar 17, 2009 | Jun 24, 2009 | Jul 20, 2009 | £0.690 | 1.77% |
5 | Feb 21, 2008 | Jun 25, 2008 | Jul 18, 2008 | £0.500 | 0.97% |
FAQ
Click here for our free guide on how to buy BATM Advanced Communications Limited Stock.