Murray Income Trust plc Stock Forecast
Murray Income Trust plc stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Murray Income Trust plc stock price gained 0.481% on the last trading day (Thursday, 18th Apr 2024), rising from £832.00 to £836.00. During the last trading day the stock fluctuated 1.38% from a day low at £829.50 to a day high of £840.92. The price has risen in 8 of the last 10 days and is up by 0.48% 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, 13 thousand more shares were traded than the day before. In total, 219 thousand shares were bought and sold for approximately £183.46 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Murray Income Trust plc stock with a 90% probability to be traded between £818.52 and £851.37 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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MUT.L Signals & Forecast
The Murray Income Trust plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £837.00. On a fall, the stock will find some support from the long-term average at approximately £828.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -0.95%. 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). The stock had a Golden Star Signal on Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 09, 2024.
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 Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 09, 2024.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 12 Months
The stock had a Golden Star Signal on Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 09, 2024.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.
A sell signal from a double top formation was found on Monday, April 15, 2024 and based on theory for this formation the price should fall by -2.35% to £816.39 within 51 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Murray Income Trust plc stock
Murray Income Trust plc finds support from accumulated volume at £832.00 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 £11.42 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: £800.53 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (MUT.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Murray Income Trust plc to open at £835.47, and during the day (based on 14 day Average True Range), to move between £825.07 and £846.93, which gives a possible trading interval of +/-£10.93 (+/-1.31%) up or down from last closing price. If Murray Income Trust plc takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £840.00 (0.48%) than the support at £832.00 (0.48%), 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 Murray Income Trust plc stock A Buy?
Murray Income Trust plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.915 Hold/Accumulate Downgraded
Predicted Opening Price for Murray Income Trust plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £835.47 ( 0.0630%) | £836.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 846.89 | 1.30 % | |
| R2 | 842.53 | 0.781 % | ||
| R1 | 839.84 | 0.459 % | ||
| Current price: | 836.00 | |||
| Support | S1 | 831.11 | -0.585 % | |
| S2 | 828.42 | -0.91 % | ||
| S3 | 824.05 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 844.00 | 0.96 % | |
| R2 | 843.00 | 0.84 % | ||
| R1 | 840.00 | 0.478 % | ||
| Current price | 836.00 | |||
| Support | S1 | 832.00 | -0.478% | |
| S2 | 830.00 | -0.718% | ||
| S3 | 825.00 | -1.32% |
MUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 13, 2024 | £0.0950 | 0.0114% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 14, 2024 | £0.0950 | 0.0115% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0950 | 0.0117% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | £0.128 | 0.0158% |
| 5 | Nov 01, 2022 | May 18, 2023 | Jun 15, 2023 | £8.25 | 0.96% |
FAQ
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