TINC Comm. VA Stock Forecast

Evaluation of TINC Comm. VA stock downgraded after the last trading session.
(Updated on May 17, 2024)

TINC.BB Signals & Forecast

The TINC Comm. VA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 12.21€ and 12.09€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). TINC Comm. VA 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.161%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, September 06, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for TINC Comm. VA stock

On the downside, the stock finds support just below today's level from accumulated volume at 11.30€ and 11.25€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TINC Comm. VA finds support just below today's level at 11.30€. If this is broken, then the next support from accumulated volume will be at 11.25€ and 11.00€.

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 0.160€ between high and low, or 1.30%. For the last week the stock has had daily average volatility of 0.89%.

Our recommended stop-loss: 11.91€ (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (TINC.BB) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect TINC Comm. VA to open at 12.38€, and during the day (based on 14 day Average True Range), to move between 12.22€ and 12.54€, which gives a possible trading interval of +/-0.159€ (+/-1.29%) up or down from last closing price. If TINC Comm. VA takes out the full calculated possible swing range there will be an estimated 2.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 12.40€ (0.16%) than the support at 11.30€ (8.72%), 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 TINC Comm. VA stock A Buy?

TINC Comm. VA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 TINC Comm. VA of Monday, May 20, 2024

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