Mobius Investment Trust Plc Stock Forecast
Mobius Investment Trust Plc stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Mobius Investment Trust Plc stock price fell by -1.53% on the last day (Thursday, 25th Apr 2024) from £130.50 to £128.50. During the last trading day the stock fluctuated 2.74% from a day low at £128.00 to a day high of £131.50. The price has fallen in 7 of the last 10 days and is down by -4.1% 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 -25 thousand shares and in total, 104 thousand shares were bought and sold for approximately £13.38 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £128.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.44% during the next 3 months and, with a 90% probability hold a price between £123.85 and £133.03 at the end of this 3-month period.
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MMIT.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mobius Investment Trust 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 £129.46 and £134.02. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Mobius Investment Trust Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 £3.51 between high and low, or 2.74%. For the last week the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: £120.40 (-6.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (MMIT.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Mobius Investment Trust Plc to open at £129.33, and during the day (based on 14 day Average True Range), to move between £125.61 and £131.39, which gives a possible trading interval of +/-£2.89 (+/-2.25%) up or down from last closing price. If Mobius Investment Trust Plc takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £133.00, some £4.50 (3.50%) from the current price of £128.50, our system finds the risk reward not very attractive.
Is Mobius Investment Trust Plc stock A Buy?
Mobius Investment Trust Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.148 Hold/Accumulate Upgraded
Predicted Opening Price for Mobius Investment Trust Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £129.33 ( 0.647%) | £128.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMIT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.84 | 3.37 % | |
| R2 | 131.50 | 2.33 % | ||
| R1 | 130.67 | 1.69 % | ||
| Current price: | 128.50 | |||
| Support | S1 | 127.99 | -0.395 % | |
| S2 | 127.17 | -1.04 % | ||
| S3 | 125.83 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 136.50 | 6.23 % | |
| R2 | 134.50 | 4.67 % | ||
| R1 | 133.00 | 3.50 % | ||
| Current price | 128.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MMIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 07, 2024 | £1.25 | 0.97% |
| 2 | Feb 28, 2023 | Apr 06, 2023 | May 05, 2023 | £1.20 | 0.96% |
| 3 | Feb 25, 2022 | Apr 28, 2022 | May 27, 2022 | £0.350 | 0.279% |
| 4 | Feb 06, 2020 | Apr 02, 2020 | May 01, 2020 | £0.300 | 0.404% |
FAQ
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