Tavi Investments Plc Stock Forecast
Tavi Investments Plc stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Tavi Investments Plc stock price gained 1.18% on the last trading day (Friday, 3rd May 2024), rising from £4.25 to £4.30. During the last trading day the stock fluctuated 2.63% from a day low at £4.19 to a day high of £4.30. The price has been going up and down for this period, and there has been a -9.47% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 thousand more shares were traded than the day before. In total, 308 thousand shares were bought and sold for approximately £1.33 million.
The stock lies in the middle of a very wide and 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 -20.37% during the next 3 months and, with a 90% probability hold a price between £2.88 and £3.80 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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TAVI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 7.77%. Further rise is indicated until a new top pivot has been found. Tavi Investments Plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tavi Investments 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 £4.31 and £4.34. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tavi Investments Plc stock
Tavi Investments Plc finds support from accumulated volume at £4.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.110 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 4.82%.
Our recommended stop-loss: £4.05 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (TAVI.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Tavistock Investments Plc to open at £4.26, and during the day (based on 14 day Average True Range), to move between £3.97 and £4.63, which gives a possible trading interval of +/-£0.326 (+/-7.57%) up or down from last closing price. If Tavistock Investments Plc takes out the full calculated possible swing range there will be an estimated 15.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £4.25 (1.16%) than the resistance at £4.75 (10.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tavistock Investments Plc stock A Buy?
Tavi Investments 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.200 Hold/Accumulate Upgraded
Predicted Opening Price for Tavistock Investments Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £4.26 ( 0.85%) | £4.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAVI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.37 | 1.71 % | |
| R2 | 4.33 | 0.728 % | ||
| R1 | 4.31 | 0.124 % | ||
| Current price: | 4.30 | |||
| Support | S1 | 4.22 | -1.83 % | |
| S2 | 4.20 | -2.43 % | ||
| S3 | 4.15 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.25 | 22.09 % | |
| R2 | 5.00 | 16.28 % | ||
| R1 | 4.75 | 10.47 % | ||
| Current price | 4.30 | |||
| Support | S1 | 4.25 | -1.16% | |
| S2 | 4.19 | -2.62% | ||
| S3 | 3.99 | -7.21% |
TAVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Jun 27, 2022 | Jul 07, 2022 | Jul 22, 2022 | £0.0700 | 0.757% |
| 3 | Sep 07, 2021 | Sep 16, 2021 | Oct 04, 2021 | £0.0500 | 1.09% |
| 4 | May 15, 2019 | Jun 27, 2019 | Jul 12, 2019 | £0.0100 | 0.364% |
FAQ
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