Tiziana Life Sciences PLC Stock Forecast
Weaker technical forecast for Tiziana Life Sciences PLC as stock downgraded to Sell Candidate.
(Updated on Jul 03, 2024)
The Tiziana Life Sciences PLC stock price fell by -3.96% on the last day (Wednesday, 3rd Jul 2024) from $0.86 to $0.83. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 9.74% from a day low at $0.82 to a day high of $0.90. The price has been going up and down for this period, and there has been a 14.58% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -70 thousand shares and in total, 108 thousand shares were bought and sold for approximately $89.23 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.792 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 63.82% during the next 3 months and, with a 90% probability hold a price between $1.30 and $1.88 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.
TLSA Signals & Forecast
There are few to no technical positive signals at the moment. The Tiziana Life Sciences PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.90 and $0.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -18.32%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tiziana Life Sciences PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.775 and $0.666. 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, Tiziana Life Sciences PLC finds support just below today's level at $0.775. If this is broken, then the next support from accumulated volume will be at $0.666 and $0.640.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0799 between high and low, or 9.74%. For the last week the stock has had daily average volatility of 12.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLSA) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Tiziana Life Sciences PLC to open at $0.85, and during the day (based on 14 day Average True Range), to move between $0.722 and $0.93, which gives a possible trading interval of +/-$0.103 (+/-12.43%) up or down from last closing price. If Tiziana Life Sciences PLC takes out the full calculated possible swing range there will be an estimated 24.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.84 (1.95%) than the support at $0.775 (6.06%), 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 Tiziana Life Sciences PLC stock A Buy?
The Tiziana Life Sciences PLC stock holds several negative signals and despite the positive trend, we believe Tiziana Life Sciences PLC will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.765 Sell Candidate Downgraded
Predicted Opening Price for Tiziana Life Sciences PLC of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.85 ( 2.82%) | $0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLSA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.93 | 12.51% |
| R2 | 0.90 | 8.81% |
| R1 | 0.88 | 6.52% |
| Price | 0.83 | |
| S1 | 0.82 | -0.88% |
| S2 | 0.799 | -3.16% |
| S3 | 0.768 | -6.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 21.21% |
| R2 | 1.00 | 21.20% |
| R1 | 0.84 | 1.95% |
| Price | 0.83 | |
| S1 | 0.775 | -6.06% |
| S2 | 0.666 | -19.27% |
| S3 | 0.640 | -22.42% |
FAQ
Click here for our free guide on how to buy Tiziana Life Sciences PLC Stock.
