Baillie Gifford US Growth Trust Plc Stock Forecast
Baillie Gifford US Growth Trust Plc stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Baillie Gifford US Growth Trust Plc stock price gained 1.97% on the last trading day (Tuesday, 23rd Apr 2024), rising from £192.80 to £196.60. During the last trading day the stock fluctuated 2.40% from a day low at £192.00 to a day high of £196.60. The price has fallen in 6 of the last 10 days and is down by -1.7% for this period. Volume fell on the last day by -301 thousand shares and in total, 461 thousand shares were bought and sold for approximately £90.73 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.67% during the next 3 months and, with a 90% probability hold a price between £213.72 and £229.41 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
USA.L Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -2.43%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Baillie Gifford US Growth Trust Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £194.23 and £195.36. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Baillie Gifford US Growth Trust Plc stock
Baillie Gifford US Growth Trust Plc finds support from accumulated volume at £193.00 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 £4.60 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: £189.25 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (USA.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Baillie Gifford US Growth Trust Plc to open at £195.07, and during the day (based on 14 day Average True Range), to move between £193.03 and £200.17, which gives a possible trading interval of +/-£3.57 (+/-1.82%) 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 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £198.80 (1.12%) than the support at £193.00 (1.83%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.159 Buy Candidate Upgraded
Predicted Opening Price for Baillie Gifford US Growth Trust Plc of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
£195.07 ( 0.780%) | £196.60 |
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 | 199.67 | 1.56 % | |
R2 | 197.91 | 0.666 % | ||
R1 | 196.82 | 0.114 % | ||
Current price: | 196.60 | |||
Support | S1 | 193.31 | -1.67 % | |
S2 | 192.22 | -2.23 % | ||
S3 | 190.47 | -3.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 201.00 | 2.24 % | |
R2 | 199.60 | 1.53 % | ||
R1 | 198.80 | 1.12 % | ||
Current price | 196.60 | |||
Support | S1 | 193.00 | -1.83% | |
S2 | 187.40 | -4.68% | ||
S3 | 182.00 | -7.43% |
FAQ
Click here for our free guide on how to buy Baillie Gifford US Growth Trust Plc Stock.