Teleste Corporation Stock Forecast

Teleste Corporation stock downgraded to Hold/Accumulate
(Updated on May 20, 2024)

TLT1V.HE Signals & Forecast

The Teleste Corporation 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 3.09€ and 2.94€. 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). 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 Thursday, May 16, 2024, and so far it has fallen -5.76%. Further fall is indicated until a new bottom pivot has been found. 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 Teleste Corporation stock

Teleste Corporation finds support from accumulated volume at 3.05€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.250€ between high and low, or 8.17%. For the last week the stock has had daily average volatility of 10.15%.

Our recommended stop-loss: 2.95€ (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (TLT1V.HE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Teleste Corporation to open at 3.16€, and during the day (based on 14 day Average True Range), to move between 2.92€ and 3.30€, which gives a possible trading interval of +/-0.189€ (+/-6.09%) up or down from last closing price. If Teleste Corporation takes out the full calculated possible swing range there will be an estimated 12.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 3.13€ (0.64%) than the support at 3.05€ (1.93%), 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 Teleste Corporation stock A Buy?

Teleste Corporation 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: 0.209 Hold/Accumulate Downgraded

Predicted Opening Price for Teleste Corporation of Tuesday, May 21, 2024

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