Fw Thorpe Plc Stock Forecast
Fw Thorpe Plc stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Fw Thorpe Plc stock price gained 1.20% on the last trading day (Friday, 28th Jun 2024), rising from £333.00 to £337.00. During the last trading day the stock fluctuated 6.73% from a day low at £327.00 to a day high of £349.00. The price has fallen in 5 of the last 10 days and is down by -5.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately £15.23 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £331.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.31% during the next 3 months and, with a 90% probability hold a price between £290.47 and £323.80 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TFW.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.20%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fw Thorpe Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £340.64 and £365.03. 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).
Support, Risk & Stop-loss for Fw Thorpe Plc stock
Fw Thorpe Plc finds support from accumulated volume at £333.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £22.00 between high and low, or 6.73%. For the last week, the stock has had daily average volatility of 5.06%.
Our recommended stop-loss: £316.54 (-6.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (TFW.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fw Thorpe Plc to open at £337.67, and during the day (based on 14 day Average True Range), to move between £321.62 and £352.38, which gives a possible trading interval of +/-£15.38 (+/-4.56%) up or down from last closing price. If Fw Thorpe Plc takes out the full calculated possible swing range there will be an estimated 9.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £333.00 (1.19%) than the resistance at £360.00 (6.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fw Thorpe Plc stock A Buy?
Fw Thorpe Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Fw Thorpe Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £337.67 ( 0.198%) | £337.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFW.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 359.67 | 6.73% |
| R2 | 351.26 | 4.23% |
| R1 | 346.07 | 2.69% |
| Price | 337.00 | |
| S1 | 329.26 | -2.30% |
| S2 | 324.07 | -3.84% |
| S3 | 315.67 | -6.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 398.00 | 18.10% |
| R2 | 384.00 | 13.95% |
| R1 | 360.00 | 6.82% |
| Price | 337.00 | |
| S1 | 333.00 | -1.19% |
| S2 | 0 | - |
| S3 | 0 | - |
TFW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 19, 2024 | £1.70 | 0.427% |
| 2 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £4.84 | 1.34% |
| 3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | £1.62 | 0.454% |
| 4 | Oct 11, 2022 | Oct 27, 2022 | Nov 25, 2022 | £4.61 | 1.10% |
| 5 | Mar 10, 2022 | Mar 17, 2022 | Apr 01, 2022 | £2.27 | 0.493% |
FAQ
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