General Accident PLC 8.875% Stock Forecast
General Accident PLC 8.875% stock upgraded to Strong Buy Candidate.
(Updated on Apr 23, 2024)
The General Accident PLC 8.875% stock price gained 1.13% on the last trading day (Tuesday, 23rd Apr 2024), rising from £133.00 to £134.50. During the last trading day the stock fluctuated 3.45% from a day low at £130.50 to a day high of £135.00. The price has risen in 5 of the last 10 days and is up by 1.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 157 thousand more shares were traded than the day before. In total, 362 thousand shares were bought and sold for approximately £48.68 million.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.85% during the next 3 months and, with a 90% probability hold a price between £139.82 and £145.07 at the end of this 3-month period.
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GACA.L Signals & Forecast
Mostly positive signals in the chart today. The General Accident PLC 8.875% 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 £132.82 and £132.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 2.67%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for General Accident PLC 8.875% stock
General Accident PLC 8.875% finds support from accumulated volume at £133.50 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 £4.50 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: £127.52 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (GACA.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect General Accident PLC 8.875% Cum.Irred.Pref.Shs to open at £133.33, and during the day (based on 14 day Average True Range), to move between £131.82 and £137.18, which gives a possible trading interval of +/-£2.68 (+/-1.99%) up or down from last closing price. If General Accident PLC 8.875% Cum.Irred.Pref.Shs takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £133.50, some £1.00 (0.74%) from the current price of £134.50, our system finds the risk reward attractive.
Is General Accident PLC 8.875% Cum.Irred.Pref.Shs stock A Buy?
General Accident PLC 8.875% holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.235 Strong Buy Candidate Upgraded
Predicted Opening Price for General Accident PLC 8.875% Cum.Irred.Pref.Shs of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £133.33 ( 0.87%) | £134.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GACA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 137.83 | 2.48 % | |
| R2 | 136.11 | 1.20 % | ||
| R1 | 135.05 | 0.411 % | ||
| Current price: | 134.50 | |||
| Support | S1 | 131.61 | -2.15 % | |
| S2 | 130.55 | -2.94 % | ||
| S3 | 128.83 | -4.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 134.50 | |||
| Support | S1 | 133.50 | -0.743% | |
| S2 | 131.50 | -2.23% | ||
| S3 | 128.00 | -4.83% |
GACA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £4.44 | 3.84% |
| 3 | Dec 01, 2022 | Dec 01, 2022 | Dec 01, 2022 | £4.44 | 3.78% |
| 4 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | £4.44 | 3.43% |
| 5 | Dec 02, 2021 | Dec 02, 2021 | Dec 02, 2021 | £4.44 | 3.04% |
FAQ
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