Investec plc Stock Forecast
Investec plc stock downgraded to Sell Candidate
(Updated on Apr 23, 2024)
The Investec plc stock price gained 1.69% on the last trading day (Tuesday, 23rd Apr 2024), rising from £501.50 to £510.00. During the last trading day the stock fluctuated 1.59% from a day low at £502.00 to a day high of £510.00. The price has fallen in 7 of the last 10 days and is down by -4.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 257 thousand more shares were traded than the day before. In total, 567 thousand shares were bought and sold for approximately £289.02 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Investec plc stock with a 90% probability to be traded between £491.92 and £545.90 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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INVP.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.85%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Investec 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 £513.00. On a fall, the stock will find some support from the short-term average at £496.50. 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).
Support, Risk & Stop-loss for Investec plc stock
Investec plc finds support from accumulated volume at £506.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £8.00 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 3.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INVP.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Investec plc to open at £507.33, and during the day (based on 14 day Average True Range), to move between £494.39 and £525.61, which gives a possible trading interval of +/-£15.61 (+/-3.06%) up or down from last closing price. If Investec plc takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £510.80 (0.16%) than the support at £506.20 (0.75%), 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 Investec plc stock A Buy?
Investec plc 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: -1.255 Sell Candidate Downgraded
Predicted Opening Price for Investec plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £507.33 ( 0.523%) | £510.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 515.33 | 1.05 % | |
| R2 | 512.28 | 0.447 % | ||
| R1 | 510.39 | 0.0763 % | ||
| Current price: | 510.00 | |||
| Support | S1 | 504.28 | -1.12 % | |
| S2 | 502.39 | -1.49 % | ||
| S3 | 499.33 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 522.80 | 2.51 % | |
| R2 | 520.80 | 2.12 % | ||
| R1 | 510.80 | 0.157 % | ||
| Current price | 510.00 | |||
| Support | S1 | 506.20 | -0.745% | |
| S2 | 500.00 | -1.96% | ||
| S3 | 492.80 | -3.37% |
INVP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0 | 0% |
| 2 | Nov 17, 2022 | Dec 08, 2022 | Jan 09, 2023 | £13.50 | 2.54% |
| 3 | May 19, 2022 | Jul 21, 2022 | Aug 08, 2022 | £14.00 | 3.07% |
| 4 | Nov 18, 2021 | Dec 09, 2021 | Dec 22, 2021 | £11.00 | 2.74% |
| 5 | Nov 18, 2021 | Dec 08, 2021 | Dec 22, 2021 | £11.00 | 2.74% |
FAQ
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