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A glance at the previous chart history of BATS, and also the sector chart, shows the tendency for price to retrace between 40-50%, of the preceding price fall. Using closing prices, this would imply 2388-2416, to represent the 40%-50% retracement levels. There also happens to be overhead supply, from previous trading at 2400, which ties in with the retracement levels, I have given.
While everyone has their own priorities, this has for a number of years, as you say, been a dividend aristocrat.
For those assembling a portfolio of dividend shares, this is and has been for many years a no-brainer. Like many, I play the cycles and will add to my holding when I can lower my average purchase price, weighted to my risk appetite against my other holdings. Approaching retirement I see this share as one key component to supplementing my retirement income.
Thanks to everyone posting on here, sometimes I need a nudge to keep up to date on what is going on as I lurk in the shadows.
Best wishes to all LTH in 2024.
Well, I love the way people look at the Tech side to predict a share price. Just a period and a pause, British American Tabacco is Cash Generative, Pays a dividend, and its Portfolio like ITC, etc is increasing in Value, and of course new markets, and products.
The dividend yield keeps increasing when the share price goes down, at one stage reaching well over 10% dividend.Bats has paid 25 years of dividends that is a Aristocrat. The dividend is covered by Revenue, its debt is coming down, it is thinking of reducing its share holdings in ITC .
I think presently it is a long term hold, come Febuary if they annouce an increase in the Dividend and it is well covered this share may recover in 2024.
My advice following Tech sometimes is bad advice when the basics of a company are sound.
Disparity index, has been rising , since 6/12/23, which is often accompanied by a rising sp. If the DI, which is close to the zero level, can cross above zero, this would be a buy signal. The high price today is greater then yesterday's high, which could imply that a bullish swing is about to begin .
ADX both short and long NEGATIVE
Lower Bollinger Band 2172.53
The market is not a friend of the bulls anymore. The bearish signs are increasing and the odds for a downside breakout is significantly high. The share price is below the confirmation level of the last bearish pattern, but the signal is still suggesting to STAY LONG. The SHORT signal requires a black body whose close is below the confirmation level and the chance of detecting such a black candlestick is very high.
BATS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Merry Christmas all, made a lot of money in this share & just placed a 200k deposit for my kids first house for Christmas. I think it's bottomed here, so will be buying some more in the new year.
I'm interested too.. Stargate
I think the prediction was pretty close, it looks like it hit 2312 at 15:25 (20 mins after your post)
So a good prediction in my eyes
However day trading in 10 min candles isn't really my cup of tea, I'm more interested in swings over a few days to weeks/months
I'm hoping BATS has bottomed now and starts to move up, it's never great on div day, I'm starting to think it's better to close trades/sell the day before div and buy back in the morning
If you have some time, take a look at VOD and post your predictions
Well I for one am interested.......
Sg
how many people do you think are interested in that ballax on every board that you post on
Next price target is 2316, based on the 10 minute chart, where the RSI(relative strength index), will reach it's most overbought level. Bollinger bands on the 10 minute chart, are still diverging, indicating fast volatile price movement.
Small bullish reverse head and shoulders, price formation, in 5 minute chart forecasts price move up to 2288-2290.
Agreed Shaun, BATS SP drop has been strongly (not entirely) driven down by high interest rates. News yesterday of inflation falling to 3.9% should put pressure on BoE to lower interest rates early in 2024, which should have positive force of BATS SP. Returns of 6-7% from dividends will be considered attractive.
A dividend here at nearly 10% yield with PE hovering around 6 is a gift.
Well the small drop today shows there's is a lot of support, I think this is the bottom. BATS is like a bond ETF, as rates drop SP will rise and we can expect 6-7% again.
Lol yes my £50,000 of shares will really turn the markets. I was actually proven right to do it.
Sharesaplenty your point on the 2 other posters saying the ditched Bats before the ex-dividend date is important. The point you make about Stamp Duty and trading fees is important.
British American Tabaco is a UK Dividend Aristocrat. It has paid a constant dividend for 25 years. The 2 people who say they have sold I have Green Box them. The reason they come on the board is to scare people.
I also bailed out this morning. I missed the opening high but still got the 23.50 that I was hoping for to give a small profit. Will wait and see how the SP moves in the next two days but if it sheds around £1 I may buy back in.
M
Excluding stamp, sold early doors today though so the fallback and any further fall just plays into me derisking. Strong share to hold though, after ex div day
That 3.3% include or exclude the stamp duty and trading charges to reacquire whatever position you reliquinished?
Got out this morning, the drop tomorrow and Friday should be greater than the 3.3% divi. Lets wait and see.
If average true range, is assumed to represent normal random volatility, then adding that measure to the lowest close, gives 2332, which was breached for only one day on. 14/12/23. Unfortunately sp, fell back below that level subsequently. Basically 2 day close above 2332, is required , to consider buy. The highest volume, for a year brings confidence that aprice bottom has formed. This the ninth day , since the large measuring bar Japanese candlestick, and price formations after a measuring bar , can take 26 days to break out. The top bollinger band beginning to drop, was 4, days ago, implying a price bottom within the next 6 days. Price projections are 2400, bottom of overhead supply, and 2500, falling down trend line .
Hoping for £23.50+ before Wednesday close. Seems very quiet though this week…