3I Infrastructure Plc Stock Forecast
3I Infrastructure Plc stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The 3I Infrastructure Plc stock price fell by -0.154% on the last day (Thursday, 18th Apr 2024) from £324.50 to £324.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.87% from a day low at £322.50 to a day high of £325.32. The price has fallen in 7 of the last 10 days and is down by -1.52% for this period. Volume has increased on the last day by 220 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, 618 thousand shares were bought and sold for approximately £200.20 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £320.92 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect 3I Infrastructure Plc stock with a 90% probability to be traded between £320.67 and £336.08 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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3IN.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The 3I Infrastructure 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 £325.57 and £326.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -1.52%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 2.12% to £330.86 within 21 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for 3I Infrastructure Plc stock
3I Infrastructure Plc finds support from accumulated volume at £323.00 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 £2.82 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3IN.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect 3I Infrastructure Plc to open at £323.94, and during the day (based on 14 day Average True Range), to move between £320.06 and £327.94, which gives a possible trading interval of +/-£3.94 (+/-1.22%) up or down from last closing price. If 3I Infrastructure Plc takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £325.00 (0.31%) than the support at £323.00 (0.31%), 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 3I Infrastructure Plc stock A Buy?
3I Infrastructure Plc holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -2.603 Sell Candidate Downgraded
Predicted Opening Price for 3I Infrastructure Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £323.94 ( 0.0185%) | £324.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3IN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 326.76 | 0.85 % | |
| R2 | 325.68 | 0.519 % | ||
| R1 | 325.02 | 0.314 % | ||
| Current price: | 324.00 | |||
| Support | S1 | 322.86 | -0.351 % | |
| S2 | 322.20 | -0.556 % | ||
| S3 | 321.12 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 329.00 | 1.54 % | |
| R2 | 327.50 | 1.08 % | ||
| R1 | 325.00 | 0.309 % | ||
| Current price | 324.00 | |||
| Support | S1 | 323.00 | -0.309% | |
| S2 | 322.00 | -0.617% | ||
| S3 | 321.50 | -0.772% |
3IN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0.0595 | 0.0183% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £5.58 | 1.80% |
| 3 | Nov 08, 2022 | Nov 24, 2022 | Jan 12, 2023 | £5.58 | 1.67% |
| 4 | May 10, 2022 | Jun 16, 2022 | Jul 11, 2022 | £5.23 | 1.57% |
| 5 | Nov 09, 2021 | Nov 25, 2021 | Jan 10, 2022 | £5.23 | 1.46% |
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