Tourism Holdings Limited Stock Forecast
Tourism Holdings Limited stock price ended at $1.86 on Friday, after gaining 0.541%.
(Updated on May 17, 2024)
The Tourism Holdings Limited stock price gained 0.541% on the last trading day (Friday, 17th May 2024), rising from $1.85 to $1.86. During the last trading day the stock fluctuated 2.72% from a day low at $1.84 to a day high of $1.89. The price has fallen in 6 of the last 10 days and is down by -35.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 401 thousand more shares were traded than the day before. In total, 580 thousand shares were bought and sold for approximately $1.08 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.99% during the next 3 months and, with a 90% probability hold a price between $1.03 and $1.68 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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THL.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 2.20%. Further rise is indicated until a new top pivot has been found. Tourism Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tourism Holdings Limited 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 $1.91 and $2.68. 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 Tourism Holdings Limited stock
Tourism Holdings Limited finds support from accumulated volume at $1.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0500 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 2.65%.
Tourism Holdings Limited is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THL.NZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Tourism Holdings Limited to open at $1.86, and during the day (based on 14 day Average True Range), to move between $1.76 and $1.96, which gives a possible trading interval of +/-$0.100 (+/-5.39%) up or down from last closing price. If Tourism Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.87 (0.54%) than the support at $1.85 (0.54%), 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 Tourism Holdings Limited stock A Buy?
Tourism Holdings Limited holds several negative signals and is within a very wide and 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.
Current score: -3.098 Sell Candidate Unchanged
Predicted Opening Price for Tourism Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $1.86 ( 0.179%) | $1.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THL.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.91 | 2.87 % | |
| R2 | 1.89 | 1.84 % | ||
| R1 | 1.88 | 1.21 % | ||
| Current price: | 1.86 | |||
| Support | S1 | 1.84 | -0.85 % | |
| S2 | 1.83 | -1.48 % | ||
| S3 | 1.81 | -2.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.99 | 6.99 % | |
| R2 | 1.95 | 4.84 % | ||
| R1 | 1.87 | 0.538 % | ||
| Current price | 1.86 | |||
| Support | S1 | 1.85 | -0.538% | |
| S2 | 1.82 | -2.15% | ||
| S3 | 0 | . |
THL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 05, 2024 | $0.0529 | 1.69% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | $0.150 | 4.05% |
| 3 | May 01, 2020 | May 01, 2020 | May 01, 2020 | $0.100 | 7.81% |
| 4 | Oct 01, 2019 | Oct 01, 2019 | Oct 01, 2019 | $0.140 | 3.30% |
| 5 | Apr 03, 2019 | Apr 03, 2019 | Apr 03, 2019 | $0.129 | 2.59% |
FAQ
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