TCM Group A/S Stock Forecast

Green day on Friday for TCM Group A/S stock after gaining 3.16%
(Updated on Jun 28, 2024)

TCM.CO Signals & Forecast

There are mixed signals in the stock today. The TCM Group A/S stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr60.46. On a fall, the stock will find some support from the short-term average at kr56.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -13.27%. 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). TCM Group A/S 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. The stock had a Golden Star Signal on Tuesday, April 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for TCM Group A/S stock

TCM Group A/S finds support from accumulated volume at kr57.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr3.60 between high and low, or 6.52%. For the last week, the stock has had daily average volatility of 2.68%.

TCM Group A/S is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TCM.CO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect TCM Group A/S to open at kr57.60, and during the day (based on 14 day Average True Range), to move between kr56.75 and kr60.85, which gives a possible trading interval of +/-kr2.05 (+/-3.49%) up or down from last closing price. If TCM Group A/S takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr59.00 (0.34%) than the support at kr57.00 (3.06%), 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 TCM Group A/S stock A Buy?

TCM Group A/S holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.170 Sell Candidate Unchanged

Predicted Opening Price for TCM Group A/S of Monday, July 1, 2024

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