Tarkett S.A. 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
Evaluation of Tarkett S.A. stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Tarkett S.A. stock price fell by -0.95% on the last day (Tuesday, 25th Jun 2024) from 8.44€ to 8.36€. During the last trading day the stock fluctuated 4.80% from a day low at 8.34€ to a day high of 8.74€. The price has fallen in 7 of the last 10 days and is down by -7.11% for this period. Volume has increased on the last day by 1 thousand 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, 3 thousand shares were bought and sold for approximately 25.18€ thousand.
Given the current short-term trend, the stock is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between 8.13€ and 9.42€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TKTT.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Tarkett S.A. 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 8.58€ and 9.04€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -14.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Tarkett S.A. 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.
Support, Risk & Stop-loss for Tarkett S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.400€ between high and low, or 4.80%. For the last week, the stock has had daily average volatility of 3.74%.
Tarkett S.A. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TKTT.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tarkett S.A. to open at 8.48€, and during the day (based on 14 day Average True Range), to move between 8.06€ and 8.66€, which gives a possible trading interval of +/-0.304€ (+/-3.64%) up or down from last closing price. If Tarkett S.A. takes out the full calculated possible swing range there will be an estimated 7.27% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 8.92€, some 0.560€ (6.70%) from the current price of 8.36€, our system finds the risk reward not very attractive.
Is Tarkett S.A. stock A Buy?
Tarkett S.A. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.388 Sell Candidate Downgraded
Predicted Opening Price for Tarkett S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 8.48€ ( 1.44%) | 8.36€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKTT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.88 | 6.22% |
| R2 | 8.73 | 4.39% |
| R1 | 8.63 | 3.26% |
| Price | 8.36 | |
| S1 | 8.33 | -0.392% |
| S2 | 8.23 | -1.52% |
| S3 | 8.08 | -3.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.14 | 9.33% |
| R2 | 9.00 | 7.66% |
| R1 | 8.92 | 6.70% |
| Price | 8.36 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
TKTT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2019 | Jun 12, 2019 | Jul 04, 2019 | 0.600€ | 2.87% |
| 2 | Feb 08, 2018 | Jul 03, 2018 | Jul 05, 2018 | 0.600€ | 2.74% |
| 3 | Feb 09, 2017 | Jul 04, 2017 | Jul 06, 2017 | 0.600€ | 1.49% |
| 4 | Feb 19, 2016 | Jul 05, 2016 | Jul 07, 2016 | 0.520€ | 1.88% |
| 5 | Feb 18, 2015 | Jul 06, 2015 | Jul 08, 2015 | 0.380€ | 2.06% |
FAQ
Click here for our free guide on how to buy Tarkett S.A. Stock.
