Baillie Gifford US Growth Trust Plc Stock Forecast
Baillie Gifford US Growth Trust Plc stock price ended at £192.60 on Thursday, after losing 2.33%.
(Updated on Apr 25, 2024)
The Baillie Gifford US Growth Trust Plc stock price fell by -2.33% on the last day (Thursday, 25th Apr 2024) from £197.20 to £192.60. During the last trading day the stock fluctuated 3.02% from a day low at £191.42 to a day high of £197.20. The price has been going up and down for this period, and there has been a -2.13% 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 -100 thousand shares and in total, 441 thousand shares were bought and sold for approximately £84.86 million.
Given the current short-term trend, the stock is expected to rise 9.80% during the next 3 months and, with a 90% probability hold a price between £211.48 and £227.81 at the end of this 3-month period.
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USA.L Signals & Forecast
There are few to no technical positive signals at the moment. The Baillie Gifford US Growth 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 £194.34 and £195.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -4.42%. 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.
Support, Risk & Stop-loss for Baillie Gifford US Growth Trust Plc stock
Baillie Gifford US Growth Trust Plc finds support from accumulated volume at £187.80 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 £5.78 between high and low, or 3.02%. For the last week the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: £184.40 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (USA.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Baillie Gifford US Growth Trust Plc to open at £193.74, and during the day (based on 14 day Average True Range), to move between £188.83 and £196.37, which gives a possible trading interval of +/-£3.77 (+/-1.96%) up or down from last closing price. If Baillie Gifford US Growth Trust Plc takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £192.80 (0.10%) than the support at £187.80 (2.49%), 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 Baillie Gifford US Growth Trust Plc stock A Buy?
Baillie Gifford US Growth 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.
Current score: -0.845 Hold/Accumulate Unchanged
Predicted Opening Price for Baillie Gifford US Growth Trust Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £193.74 ( 0.591%) | £192.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 199.52 | 3.59 % | |
| R2 | 197.31 | 2.45 % | ||
| R1 | 195.95 | 1.74 % | ||
| Current price: | 192.60 | |||
| Support | S1 | 191.53 | -0.556 % | |
| S2 | 190.16 | -1.26 % | ||
| S3 | 187.95 | -2.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.00 | 4.36 % | |
| R2 | 193.00 | 0.208 % | ||
| R1 | 192.80 | 0.104 % | ||
| Current price | 192.60 | |||
| Support | S1 | 187.80 | -2.49% | |
| S2 | 187.40 | -2.70% | ||
| S3 | 182.00 | -5.50% |
FAQ
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