LondonMetric Property Plc Stock Forecast
Weaker technical forecast for LondonMetric Property Plc as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The LondonMetric Property Plc stock price fell by -2.07% on the last day (Wednesday, 24th Apr 2024) from £197.80 to £193.70. During the last trading day the stock fluctuated 2.90% from a day low at £193.30 to a day high of £198.90. The price has been going up and down for this period, and there has been a -0.87% loss for the last 2 weeks. 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 -644 thousand shares and in total, 5 million shares were bought and sold for approximately £959.88 million.
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 6.35% during the next 3 months and, with a 90% probability hold a price between £199.66 and £219.47 at the end of this 3-month period.
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LMP.L Signals & Forecast
There are few to no technical positive signals at the moment. The LondonMetric Property Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £194.81 and £195.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -4.68%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-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
The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-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 LondonMetric Property Plc stock
LondonMetric Property Plc finds support from accumulated volume at £191.10 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 £5.60 between high and low, or 2.90%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LMP.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect LondonMetric Property Plc to open at £195.30, and during the day (based on 14 day Average True Range), to move between £189.28 and £198.12, which gives a possible trading interval of +/-£4.42 (+/-2.28%) up or down from last closing price. If LondonMetric Property Plc takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £194.30 (0.31%) than the support at £191.10 (1.34%), 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 LondonMetric Property Plc stock A Buy?
The LondonMetric Property Plc stock holds several negative signals and despite the positive trend, we believe LondonMetric Property Plc will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.661 Sell Candidate Downgraded
Predicted Opening Price for LondonMetric Property Plc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
£195.30 ( 0.83%) | £193.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMP.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 200.90 | 3.72 % | |
R2 | 198.76 | 2.61 % | ||
R1 | 197.44 | 1.93 % | ||
Current price: | 193.70 | |||
Support | S1 | 193.16 | -0.278 % | |
S2 | 191.84 | -0.96 % | ||
S3 | 189.70 | -2.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 200.00 | 3.25 % | |
R2 | 196.00 | 1.19 % | ||
R1 | 194.30 | 0.310 % | ||
Current price | 193.70 | |||
Support | S1 | 191.10 | -1.34% | |
S2 | 190.70 | -1.55% | ||
S3 | 183.40 | -5.32% |
LMP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Apr 08, 2024 | £2.40 | 1.21% |
2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
3 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | £2.40 | 1.32% |
4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £2.60 | 1.45% |
5 | Mar 02, 2023 | Mar 09, 2023 | Apr 12, 2023 | £2.30 | 1.25% |
FAQ
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