Treatt plc Stock Forecast
Stronger technical forecast for Treatt plc stock price after Friday trading.
(Updated on Apr 26, 2024)
The Treatt plc stock price gained 3.40% on the last trading day (Friday, 26th Apr 2024), rising from £470.00 to £486.00. During the last trading day the stock fluctuated 4.64% from a day low at £465.00 to a day high of £486.56. The price has been going up and down for this period, and there has been a 4.4% gain for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 28 thousand shares were bought and sold for approximately £13.70 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 upper part of a very wide and 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 £491.01 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.46% during the next 3 months and, with a 90% probability hold a price between £395.66 and £512.89 at the end of this 3-month period.
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TET.L Signals & Forecast
The Treatt 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 £480.07 and £428.13. 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). 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. 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 Tuesday, April 23, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Treatt plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £458.50 and £420.00. 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, Treatt plc finds support just below today's level at £458.50. If this is broken, then the next support from accumulated volume will be at £420.00 and £404.50.
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 £21.56 between high and low, or 4.64%. For the last week, the stock has had daily average volatility of 3.93%.
Our recommended stop-loss: £470.07 (-3.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TET.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Treatt plc to open at £479.19, and during the day (based on 14 day Average True Range), to move between £467.17 and £504.83, which gives a possible trading interval of +/-£18.83 (+/-3.87%) up or down from last closing price. If Treatt plc takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £490.00 (0.82%) than the support at £458.50 (5.66%), 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 Treatt 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 Treatt 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: 2.136 Buy Candidate Upgraded
Predicted Opening Price for Treatt plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £479.19 ( 1.40%) | £486.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TET.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 500.75 | 3.03 % | |
| R2 | 492.51 | 1.34 % | ||
| R1 | 487.42 | 0.293 % | ||
| Current price: | 486.00 | |||
| Support | S1 | 470.95 | -3.10 % | |
| S2 | 465.86 | -4.14 % | ||
| S3 | 457.63 | -5.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 490.00 | 0.82 % | ||
| Current price | 486.00 | |||
| Support | S1 | 458.50 | -5.66% | |
| S2 | 420.00 | -13.58% | ||
| S3 | 404.50 | -16.77% |
TET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Feb 01, 2024 | £0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £2.55 | 0.428% |
| 3 | Nov 29, 2022 | Feb 02, 2023 | Mar 16, 2023 | £5.35 | 0.94% |
| 4 | May 10, 2022 | Jun 30, 2022 | Aug 11, 2022 | £2.50 | 0.311% |
| 5 | Nov 30, 2021 | Feb 03, 2022 | Mar 17, 2022 | £5.50 | 0.521% |
FAQ
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