TAAT Lifestyle & Wellness Ltd. Stock Forecast
Big movements in TAAT Lifestyle & Wellness Ltd. stock price on Monday moving 28.57% between high and low
(Updated on May 20, 2024)
The TAAT Lifestyle & Wellness Ltd. stock price fell by -22.22% on the last day (Monday, 20th May 2024) from $0.180 to $0.140. During the last trading day the stock fluctuated 28.57% from a day low at $0.140 to a day high of $0.180. The price has fallen in 5 of the last 10 days and is down by -8.5% for this period. 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 -950 shares and in total, 200 shares were bought and sold for approximately $28.00 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.134 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.74% during the next 3 months and, with a 90% probability hold a price between $0.114 and $0.210 at the end of this 3-month period.
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TOBAF Signals & Forecast
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. The TAAT Lifestyle & Wellness Ltd. 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 $0.182 and $0.174. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -25.53%. 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 TAAT Lifestyle & Wellness Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0400 between high and low, or 28.57%. For the last week the stock has had daily average volatility of 29.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOBAF) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect TAAT Lifestyle & Wellness Ltd. to open at $0.153, and during the day (based on 14 day Average True Range), to move between $0.108 and $0.172, which gives a possible trading interval of +/-$0.0324 (+/-23.12%) up or down from last closing price. If TAAT Lifestyle & Wellness Ltd. takes out the full calculated possible swing range there will be an estimated 46.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.157, some $0.0172 (12.29%) from the current price of $0.140, our system finds the risk reward not very attractive.
Is TAAT Lifestyle & Wellness Ltd. stock A Buy?
TAAT Lifestyle & Wellness Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Strong Sell candidate.
Current score: -5.206 Strong Sell Candidate Downgraded
Predicted Opening Price for TAAT Lifestyle & Wellness Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.153 ( 9.52%) | $0.140 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOBAF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.193 | 38.10 % | |
| R2 | 0.178 | 27.18 % | ||
| R1 | 0.169 | 20.44 % | ||
| Current price: | 0.140 | |||
| Support | S1 | 0.138 | -1.39 % | |
| S2 | 0.129 | -8.13 % | ||
| S3 | 0.113 | -19.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.172 | 22.89 % | |
| R2 | 0.162 | 15.71 % | ||
| R1 | 0.157 | 12.29 % | ||
| Current price | 0.140 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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