Baillie Gifford Japan Trust plc Stock Forecast

Red day on Wednesday for Baillie Gifford Japan Trust plc stock after losing 1.67%
(Updated on Apr 17, 2024)

BGFD.L Signals & Forecast

There are few to no technical positive signals at the moment. The Baillie Gifford Japan 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 £728.00 and £743.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -7.70%. 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 Baillie Gifford Japan Trust plc stock

Baillie Gifford Japan Trust plc finds support from accumulated volume at £705.00 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 £11.31 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.34%.

Baillie Gifford Japan Trust plc is oversold on RSI14 (11). 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: £677.01 (-4.24%) (This stock has low daily movements and this gives low risk. Low RSI14 is 11 which reduces the risk some. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (BGFD.L) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Baillie Gifford Japan Trust plc to open at £708.10, and during the day (based on 14 day Average True Range), to move between £696.88 and £717.12, which gives a possible trading interval of +/-£10.12 (+/-1.43%) up or down from last closing price. If Baillie Gifford Japan Trust plc takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £705.00 (0.28%) than the resistance at £733.00 (3.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Baillie Gifford Japan Trust plc stock A Buy?

Baillie Gifford Japan 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: -0.844 Hold/Accumulate Unchanged

Predicted Opening Price for Baillie Gifford Japan Trust plc of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.