Templeton Emerging Markets Plc Stock Forecast
Stronger technical forecast for Templeton Emerging Markets Plc stock price after Friday trading.
(Updated on May 17, 2024)
No changes to the price of Templeton Emerging Markets Plc stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $3.46 to a day high of $3.46. The price has been going up and down for this period, and there has been a 4.22% gain for the last 2 weeks.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.47 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.97% during the next 3 months and, with a 90% probability hold a price between $3.53 and $3.81 at the end of this 3-month period.
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TEM.NZ Signals & Forecast
The Templeton Emerging Markets Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.38 and $3.26. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Templeton Emerging Markets Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.28 and $3.11. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Templeton Emerging Markets Plc finds support just below today's level at $3.28. If this is broken, then the next support from accumulated volume will be at $3.11 and $3.08.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.353%
Our recommended stop-loss: $3.34 (-3.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TEM.NZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Templeton Emerging Markets Plc to open at $3.46, and during the day (based on 14 day Average True Range), to move between $3.43 and $3.49, which gives a possible trading interval of +/-$0.0306 (+/-0.88%) up or down from last closing price. If Templeton Emerging Markets Plc takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $3.28, some $0.180 (5.20%) from the current price of $3.46, our system finds the risk reward attractive.
Is Templeton Emerging Markets Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Templeton Emerging Markets Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.490 Buy Candidate Upgraded
Predicted Opening Price for Templeton Emerging Markets Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $3.46 ( 0.00000000%) | $3.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEM.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.46 | 0.00000000 % | |
| R2 | 3.46 | 0.00000000 % | ||
| R1 | 3.46 | 0.00000000 % | ||
| Current price: | 3.46 | |||
| Support | S1 | 3.46 | 0.00000000 % | |
| S2 | 3.46 | 0.00000000 % | ||
| S3 | 3.46 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.46 | |||
| Support | S1 | 3.28 | -5.20% | |
| S2 | 3.11 | -10.12% | ||
| S3 | 3.08 | -10.98% |
TEM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.0409 | 1.41% |
| 2 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | $0.0617 | 2.00% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | $0.0385 | 1.42% |
| 4 | Jun 15, 2017 | Jun 15, 2017 | Jun 15, 2017 | $0.144 | 1.18% |
| 5 | Jun 16, 2016 | Jun 16, 2016 | Jun 16, 2016 | $0.166 | 1.80% |
FAQ
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