Tidelands Oil & Gas Corp Stock Forecast

Stronger technical forecast for Tidelands Oil & Gas Corp stock price after Friday trading.
(Updated on May 03, 2024)

TIDE.L Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tidelands Oil & Gas Corp 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 £155.53 and £157.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -8.48%. Further fall is indicated until a new bottom pivot has been found. Tidelands Oil & Gas Corp 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".

Support, Risk & Stop-loss for Tidelands Oil & Gas Corp stock

Tidelands Oil & Gas Corp finds support from accumulated volume at £147.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this 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 0.93%.

Our recommended stop-loss: £142.97 (-4.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (TIDE.L) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Tidelands Oil & Gas Corp to open at £150.00, and during the day (based on 14 day Average True Range), to move between £146.77 and £153.23, which gives a possible trading interval of +/-£3.23 (+/-2.15%) up or down from last closing price. If Tidelands Oil & Gas Corp takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £147.50 (1.67%) than the resistance at £155.00 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tidelands Oil & Gas Corp stock A Buy?

Tidelands Oil & Gas Corp 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 Tidelands Oil & Gas Corp of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.