Tetragon Financial Group Limited Stock Forecast
Tetragon Financial Group Limited stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
No changes to the price of Tetragon Financial Group Limited stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £9.50 to a day high of £9.50. The price has been going up and down for this period, and there has been a -4.97% loss for the last 2 weeks.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £9.51 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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TFG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tetragon Financial Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £9.85 and £9.80. 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). 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 Tetragon Financial Group Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.593%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TFG.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Tetragon Financial Group Limited to open at £9.50, and during the day (based on 14 day Average True Range), to move between £9.38 and £9.63, which gives a possible trading interval of +/-£0.126 (+/-1.32%) up or down from last closing price. If Tetragon Financial Group Limited takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £9.70, some £0.197 (2.07%) from the current price of £9.50, our system finds the risk reward not very attractive.
Is Tetragon Financial Group Limited stock A Buy?
Tetragon Financial Group Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.158 Sell Candidate Downgraded
Predicted Opening Price for Tetragon Financial Group Limited of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
£9.50 ( 0%) | £9.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.50 | . | |
R2 | 9.50 | . | ||
R1 | 9.50 | . | ||
Current price: | 9.50 | |||
Support | S1 | 9.50 | . | |
S2 | 9.50 | . | ||
S3 | 9.50 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.77 | 2.76 % | |
R2 | 9.75 | 2.60 % | ||
R1 | 9.70 | 2.07 % | ||
Current price | 9.50 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
TFG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Mar 06, 2024 | Mar 06, 2024 | £0 | 0% |
2 | Nov 01, 2023 | Nov 01, 2023 | Nov 01, 2023 | £0.110 | 1.13% |
3 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | £0.110 | 1.11% |
4 | May 02, 2023 | May 02, 2023 | May 02, 2023 | £0.110 | 1.06% |
5 | Mar 03, 2023 | Mar 07, 2023 | Mar 31, 2023 | £0.110 | 1.05% |
FAQ
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