Tetragon Financial Group Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Tetragon Financial Group Limited stock price after Friday trading.
(Updated on May 03, 2024)
The Tetragon Financial Group Limited stock price fell by -0.256% on the last day (Friday, 3rd May 2024) from £9.78 to £9.75. During the last trading day the stock fluctuated 0% from a day low at £9.75 to a day high of £9.75. The price has been going up and down for this period, and there has been a -3.05% loss for the last 2 weeks. Volume has increased on the last day by 205 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 205 shares were bought and sold for approximately £2.00 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tetragon Financial Group Limited stock with a 90% probability to be traded between £9.59 and £10.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TFG.L Signals & Forecast
There are mixed signals in the stock today. The Tetragon Financial Group Limited 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 £9.80. On a fall, the stock will find some support from the short-term average at £9.65. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Tetragon Financial Group Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Tetragon Financial Group Limited stock
Tetragon Financial Group Limited finds support from accumulated volume at £9.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.628%.
Our recommended stop-loss: £9.31 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (TFG.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Tetragon Financial Group Limited to open at £9.75, and during the day (based on 14 day Average True Range), to move between £9.65 and £9.85, which gives a possible trading interval of +/-£0.103 (+/-1.05%) 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 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £9.78 (0.26%) than the support at £9.70 (0.51%), 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 Tetragon Financial Group Limited stock A Buy?
Tetragon Financial Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tetragon Financial Group Limited of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
£9.75 ( 0%) | £9.75 |
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 | 9.75 | . | |
R2 | 9.75 | . | ||
R1 | 9.75 | . | ||
Current price: | 9.75 | |||
Support | S1 | 9.75 | . | |
S2 | 9.75 | . | ||
S3 | 9.75 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.85 | 1.03 % | |
R2 | 9.80 | 0.513 % | ||
R1 | 9.78 | 0.256 % | ||
Current price | 9.75 | |||
Support | S1 | 9.70 | -0.513% | |
S2 | 9.65 | -1.03% | ||
S3 | 9.56 | -2.00% |
TFG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 02, 2024 | May 28, 2024 | £0.110 | 1.13% |
2 | Mar 06, 2024 | Mar 06, 2024 | Mar 06, 2024 | £0 | 0% |
3 | Nov 01, 2023 | Nov 01, 2023 | Nov 01, 2023 | £0.110 | 1.13% |
4 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | £0.110 | 1.11% |
5 | May 02, 2023 | May 02, 2023 | May 02, 2023 | £0.110 | 1.06% |
FAQ
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