Brookfield Glbl Lstd Infrstr Incm Fd Inc Stock Forecast
Brookfield Glbl Lstd Infrstr Incm Fd Inc stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Brookfield Glbl Lstd Infrstr Incm Fd Inc stock price gained 1.71% on the last trading day (Monday, 22nd Apr 2024), rising from £783.60 to £797.00. During the last trading day the stock fluctuated 1.32% from a day low at £790.40 to a day high of £800.80. The price has been going up and down for this period, and there has been a -1.8% loss for the last 2 weeks. Volume fell on the last day by -185 thousand shares and in total, 2 million shares were bought and sold for approximately £1.95 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 4.52% during the next 3 months and, with a 90% probability hold a price between £819.65 and £885.15 at the end of this 3-month period.
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INF.L Signals & Forecast
There are mixed signals in the stock today. The Brookfield Glbl Lstd Infrstr Incm Fd Inc 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 £814.00. On a fall, the stock will find some support from the short-term average at £793.97. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.71%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Brookfield Glbl Lstd Infrstr Incm Fd Inc stock
Brookfield Glbl Lstd Infrstr Incm Fd Inc finds support from accumulated volume at £775.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £10.40 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: £755.32 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (INF.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Brookfield Glbl Lstd Infrstr Incm Fd Inc to open at £796.07, and during the day (based on 14 day Average True Range), to move between £785.15 and £808.85, which gives a possible trading interval of +/-£11.85 (+/-1.49%) up or down from last closing price. If Brookfield Glbl Lstd Infrstr Incm Fd Inc takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £805.60 (1.08%) than the support at £775.40 (2.71%), 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 Brookfield Glbl Lstd Infrstr Incm Fd Inc 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 Brookfield Glbl Lstd Infrstr Incm Fd Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.144 Buy Candidate Upgraded
Predicted Opening Price for Brookfield Glbl Lstd Infrstr Incm Fd Inc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
£796.07 ( 0.117%) | £797.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INF.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 806.47 | 1.19 % | |
R2 | 802.49 | 0.689 % | ||
R1 | 800.04 | 0.381 % | ||
Current price: | 797.00 | |||
Support | S1 | 792.09 | -0.616 % | |
S2 | 789.64 | -0.92 % | ||
S3 | 785.67 | -1.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 822.60 | 3.21 % | |
R2 | 810.20 | 1.66 % | ||
R1 | 805.60 | 1.08 % | ||
Current price | 797.00 | |||
Support | S1 | 775.40 | -2.71% | |
S2 | 775.20 | -2.74% | ||
S3 | 771.40 | -3.21% |
INF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 06, 2024 | Jun 06, 2024 | Jul 12, 2024 | £12.20 | 1.53% |
2 | Mar 09, 2023 | Jun 01, 2023 | Jul 14, 2023 | £6.80 | 0.93% |
3 | Jul 19, 2022 | Aug 11, 2022 | Sep 09, 2022 | £3.00 | 0.535% |
4 | Mar 10, 2020 | Jun 18, 2020 | Jul 10, 2020 | £15.95 | 3.62% |
5 | Jul 24, 2019 | Aug 08, 2019 | Sep 13, 2019 | £7.55 | 0.90% |
FAQ
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