Polar Capital Global Healthcare Trust Stock Forecast
Red day on Friday for Polar Capital Global Healthcare Trust stock after losing 0.556%
(Updated on Apr 19, 2024)
The Polar Capital Global Healthcare Trust stock price fell by -0.556% on the last day (Friday, 19th Apr 2024) from £360.00 to £358.00. During the last trading day the stock fluctuated 0.84% from a day low at £357.00 to a day high of £360.00. The price has fallen in 7 of the last 10 days and is down by -3.24% for this period. Volume has increased on the last day by 61 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 156 thousand shares were bought and sold for approximately £55.91 million.
Given the current short-term trend, the stock is expected to rise 7.14% during the next 3 months and, with a 90% probability hold a price between £383.55 and £407.46 at the end of this 3-month period.
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PCGH.L Signals & Forecast
There are few to no technical positive signals at the moment. The Polar Capital Global Healthcare Trust 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 £362.14 and £369.26. 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 -4.53%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Polar Capital Global Healthcare Trust stock
Polar Capital Global Healthcare Trust finds support from accumulated volume at £356.00 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 £3.00 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.72%.
Polar Capital Global Healthcare Trust is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PCGH.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Polar Capital Global Healthcare Trust Plc to open at £358.33, and during the day (based on 14 day Average True Range), to move between £352.08 and £363.92, which gives a possible trading interval of +/-£5.92 (+/-1.65%) up or down from last closing price. If Polar Capital Global Healthcare Trust Plc takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £356.00 (0.56%) than the resistance at £371.00 (3.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Polar Capital Global Healthcare Trust Plc stock A Buy?
The Polar Capital Global Healthcare Trust stock holds several negative signals and despite the positive trend, we believe Polar Capital Global Healthcare Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.753 Sell Candidate Unchanged
Predicted Opening Price for Polar Capital Global Healthcare Trust Plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £358.33 ( 0.0931%) | £358.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PCGH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 361.33 | 0.93 % | |
| R2 | 360.19 | 0.611 % | ||
| R1 | 359.48 | 0.413 % | ||
| Current price: | 358.00 | |||
| Support | S1 | 357.19 | -0.227 % | |
| S2 | 356.48 | -0.425 % | ||
| S3 | 355.33 | -0.745 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 373.00 | 4.19 % | |
| R2 | 372.00 | 3.91 % | ||
| R1 | 371.00 | 3.63 % | ||
| Current price | 358.00 | |||
| Support | S1 | 356.00 | -0.559% | |
| S2 | 348.00 | -2.79% | ||
| S3 | 341.00 | -4.75% |
PCGH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Feb 29, 2024 | £0.0120 | 0.0032% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.0100 | 0.0031% |
| 3 | Dec 09, 2022 | Feb 02, 2023 | Feb 28, 2023 | £1.10 | 0.337% |
| 4 | Jul 14, 2022 | Aug 04, 2022 | Aug 31, 2022 | £1.00 | 0.313% |
| 5 | Dec 16, 2021 | Feb 03, 2022 | Feb 28, 2022 | £1.00 | 0.355% |
FAQ
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