BATM Advanced Communications Limited Stock Forecast
Volatile ride for BATM Advanced Communications Limited stock price on Thursday moving between £18.00 and £19.95
(Updated on Apr 25, 2024)
The BATM Advanced Communications Limited stock price fell by -0.665% on the last day (Thursday, 25th Apr 2024) from £18.80 to £18.68. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 10.83% from a day low at £18.00 to a day high of £19.95. The price has fallen in 7 of the last 10 days. 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 -27 thousand shares and in total, 10 thousand shares were bought and sold for approximately £182.55 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.69% during the next 3 months and, with a 90% probability hold a price between £15.16 and £16.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BVC.L Signals & Forecast
There are mixed signals in the stock today. The BATM Advanced Communications Limited 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 £18.90 and £19.25. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BATM Advanced Communications Limited stock
BATM Advanced Communications Limited finds support from accumulated volume at £18.55 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved £1.95 between high and low, or 10.83%. For the last week the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: £17.71 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (BVC.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect BATM Advanced Communications Limited to open at £18.88, and during the day (based on 14 day Average True Range), to move between £17.53 and £19.82, which gives a possible trading interval of +/-£1.14 (+/-6.12%) up or down from last closing price. If BATM Advanced Communications Limited takes out the full calculated possible swing range there will be an estimated 12.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £18.55 (0.67%) than the resistance at £19.40 (3.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BATM Advanced Communications Limited stock A Buy?
BATM Advanced Communications Limited 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.
Current score: -0.669 Hold/Accumulate Unchanged
Predicted Opening Price for BATM Advanced Communications Limited of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
£18.88 ( 1.07%) | £18.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVC.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.83 | 11.51 % | |
R2 | 20.08 | 7.52 % | ||
R1 | 19.62 | 5.06 % | ||
Current price: | 18.68 | |||
Support | S1 | 18.13 | -2.92 % | |
S2 | 17.67 | -5.38 % | ||
S3 | 16.93 | -9.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.48 | 14.99 % | |
R2 | 19.65 | 5.22 % | ||
R1 | 19.40 | 3.88 % | ||
Current price | 18.68 | |||
Support | S1 | 18.55 | -0.669% | |
S2 | 18.38 | -1.61% | ||
S3 | 18.10 | -3.08% |
BVC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 22, 2021 | Dec 09, 2021 | Jan 05, 2022 | £0.740 | 0.89% |
2 | Mar 07, 2011 | Jun 22, 2011 | Jul 18, 2011 | £0.80 | 3.56% |
3 | Feb 08, 2010 | Jun 30, 2010 | Jul 26, 2010 | £0.550 | 1.96% |
4 | Mar 17, 2009 | Jun 24, 2009 | Jul 20, 2009 | £0.690 | 1.77% |
5 | Feb 21, 2008 | Jun 25, 2008 | Jul 18, 2008 | £0.500 | 0.97% |
FAQ
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