Telix Pharmaceuticals Limited Stock Forecast
Telix Pharmaceuticals Limited stock price ended at $15.35 on Thursday, after gaining 0.458%.
(Updated on May 09, 2024)
The Telix Pharmaceuticals Limited stock price gained 0.458% on the last trading day (Thursday, 9th May 2024), rising from $15.28 to $15.35. During the last trading day the stock fluctuated 2.59% from a day low at $15.03 to a day high of $15.42. The price has risen in 6 of the last 10 days and is up by 3.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 149 thousand more shares were traded than the day before. In total, 883 thousand shares were bought and sold for approximately $13.55 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.80% during the next 3 months and, with a 90% probability hold a price between $18.30 and $21.65 at the end of this 3-month period.
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TLX.AX Signals & Forecast
The Telix Pharmaceuticals Limited 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 $15.05 and $13.53. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 29, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Telix Pharmaceuticals Limited stock
Telix Pharmaceuticals Limited finds support from accumulated volume at $15.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.390 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: $14.76 (-3.85%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (TLX.AX) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Telix Pharmaceuticals Limited to open at $15.27, and during the day (based on 14 day Average True Range), to move between $14.81 and $15.89, which gives a possible trading interval of +/-$0.541 (+/-3.52%) up or down from last closing price. If Telix Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.51 (1.04%) than the support at $15.05 (1.95%), 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 Telix Pharmaceuticals Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Telix Pharmaceuticals Limited stock to perform well in the short-term.
Current score: 2.194 Buy Candidate Unchanged
Predicted Opening Price for Telix Pharmaceuticals Limited of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$15.27 ( 0.543%) | $15.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLX.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.66 | 2.00 % | |
R2 | 15.51 | 1.03 % | ||
R1 | 15.42 | 0.428 % | ||
Current price: | 15.35 | |||
Support | S1 | 15.12 | -1.51 % | |
S2 | 15.03 | -2.11 % | ||
S3 | 14.88 | -3.08 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 15.51 | 1.04 % | ||
Current price | 15.35 | |||
Support | S1 | 15.05 | -1.95% | |
S2 | 13.72 | -10.62% | ||
S3 | 12.08 | -21.30% |
FAQ
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