Totally Plc Stock Forecast
High volatility in Totally Plc stock price on Friday which ended trading at £7.25
(Updated on May 17, 2024)
The Totally Plc stock price fell by -7.05% on the last day (Friday, 17th May 2024) from £7.80 to £7.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 14.16% from a day low at £7.01 to a day high of £8.00. The price has fallen in 4 of the last 10 days but is still up by 38.1% over the past 2 weeks. Volume has increased on the last day by 183 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, 410 thousand shares were bought and sold for approximately £2.97 million.
The stock lies in the middle of a very wide and weak 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 6.62% during the next 3 months and, with a 90% probability hold a price between £4.71 and £9.36 at the end of this 3-month period.
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TLY.L Signals & Forecast
The Totally Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £7.80. On a fall, the stock will find some support from the long-term average at approximately £5.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 14, 2024, and so far it has fallen -17.14%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Totally Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £6.60 and £5.75. 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, Totally Plc finds support just below today's level at £6.60. If this is broken, then the next support from accumulated volume will be at £5.75 and £5.50.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.99 between high and low, or 14.16%. For the last week, the stock has had daily average volatility of 13.53%.
Our recommended stop-loss: £6.91 (-4.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TLY.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Totally Plc to open at £7.42, and during the day (based on 14 day Average True Range), to move between £6.50 and £8.00, which gives a possible trading interval of +/-£0.752 (+/-10.38%) up or down from last closing price. If Totally Plc takes out the full calculated possible swing range there will be an estimated 20.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £7.50 (3.45%) than the support at £6.60 (8.97%), 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 Totally Plc stock A Buy?
Totally Plc 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: 0.762 Hold/Accumulate Downgraded
Predicted Opening Price for Totally Plc of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
£7.42 ( 2.34%) | £7.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLY.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.41 | 16.02 % | |
R2 | 8.03 | 10.79 % | ||
R1 | 7.80 | 7.56 % | ||
Current price: | 7.25 | |||
Support | S1 | 7.04 | -2.89 % | |
S2 | 6.81 | -6.12 % | ||
S3 | 6.43 | -11.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.75 | 20.69 % | |
R2 | 8.25 | 13.79 % | ||
R1 | 7.50 | 3.45 % | ||
Current price | 7.25 | |||
Support | S1 | 6.60 | -8.97% | |
S2 | 5.75 | -20.69% | ||
S3 | 5.50 | -24.14% |
TLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 24, 2023 | Feb 02, 2023 | Feb 24, 2023 | £0.500 | 1.92% |
2 | Jul 12, 2022 | Sep 08, 2022 | Oct 12, 2022 | £0.500 | 1.67% |
3 | Jan 24, 2022 | Feb 03, 2022 | Feb 25, 2022 | £0.500 | 1.49% |
4 | Jul 06, 2021 | Sep 09, 2021 | Oct 13, 2021 | £0.250 | 0.730% |
5 | Jan 20, 2021 | Jan 28, 2021 | Feb 26, 2021 | £0.250 | 0.794% |
FAQ
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