Tandem Group plc Stock Forecast
Tandem Group plc stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Tandem Group plc stock price gained 3.86% on the last trading day (Friday, 19th Apr 2024), rising from £194.50 to £202.00. During the last trading day the stock fluctuated 3.86% from a day low at £194.50 to a day high of £202.00. The price has risen in 4 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 575 shares were bought and sold for approximately £116.15 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 £188.06 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 23.73% during the next 3 months and, with a 90% probability hold a price between £232.69 and £342.53 at the end of this 3-month period.
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TND.L Signals & Forecast
There are mixed signals in the stock today. The Tandem Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £212.25. On a fall, the stock will find some support from the short-term average at £199.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -17.89%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tandem Group plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £185.00 and £175.00. 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, Tandem Group plc finds support just below today's level at £185.00. If this is broken, then the next support from accumulated volume will be at £175.00 and £155.00.
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 £7.50 between high and low, or 3.86%. For the last week the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TND.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tandem Group plc to open at £199.50, and during the day (based on 14 day Average True Range), to move between £195.19 and £208.81, which gives a possible trading interval of +/-£6.81 (+/-3.37%) up or down from last closing price. If Tandem Group plc takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £185.00 (8.42%) than the resistance at £227.00 (12.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tandem Group plc stock A Buy?
Tandem Group plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.852 Sell Candidate Upgraded
Predicted Opening Price for Tandem Group plc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
£199.50 ( 1.24%) | £202.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TND.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 207.00 | 2.48 % | |
R2 | 204.14 | 1.06 % | ||
R1 | 202.37 | 0.181 % | ||
Current price: | 202.00 | |||
Support | S1 | 196.64 | -2.66 % | |
S2 | 194.87 | -3.53 % | ||
S3 | 192.00 | -4.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 231.00 | 14.36 % | |
R2 | 230.00 | 13.86 % | ||
R1 | 227.00 | 12.38 % | ||
Current price | 202.00 | |||
Support | S1 | 185.00 | -8.42% | |
S2 | 175.00 | -13.37% | ||
S3 | 155.00 | -23.27% |
TND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £6.57 | 2.74% |
2 | Sep 15, 2022 | Oct 06, 2022 | Nov 15, 2022 | £3.43 | 1.07% |
3 | Mar 28, 2022 | May 12, 2022 | Jun 30, 2022 | £6.57 | 2.80% |
4 | Sep 14, 2021 | Oct 07, 2021 | Nov 15, 2021 | £3.43 | 0.532% |
5 | Mar 25, 2021 | May 13, 2021 | Jul 01, 2021 | £5.50 | 0.99% |
FAQ
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