TomCo Energy plc Stock Forecast
Volatile ride for TomCo Energy plc stock price on Wednesday moving between £0.0330 and £0.0400
(Updated on Apr 17, 2024)
The TomCo Energy plc stock price fell by -2.06% on the last day (Wednesday, 17th Apr 2024) from £0.0388 to £0.0380. During the last trading day the stock fluctuated 21.21% from a day low at £0.0330 to a day high of £0.0400. The price has been going up and down for this period, and there has been a -10.59% loss for the last 2 weeks. 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 -18 million shares and in total, 14 million shares were bought and sold for approximately £540.32 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -48.80% during the next 3 months and, with a 90% probability hold a price between £0.0153 and £0.0283 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TOM.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 16.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TomCo Energy plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.0385 and £0.0443. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for TomCo Energy plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.0350 and £0.0325. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.0325 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.0070 between high and low, or 21.21%. For the last week the stock has had daily average volatility of 22.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOM.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect TomCo Energy plc to open at £0.0370, and during the day (based on 14 day Average True Range), to move between £0.0311 and £0.0449, which gives a possible trading interval of +/-£0.0069 (+/-18.22%) up or down from last closing price. If TomCo Energy plc takes out the full calculated possible swing range there will be an estimated 36.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.0388 (2.11%) than the support at £0.0350 (7.89%), 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 TomCo Energy plc stock A Buy?
TomCo Energy plc 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.
Current score: -2.676 Sell Candidate Unchanged
Predicted Opening Price for TomCo Energy plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £0.0370 ( 2.63%) | £0.0380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0440 | 15.79 % | |
| R2 | 0.0413 | 8.75 % | ||
| R1 | 0.0397 | 4.41 % | ||
| Current price: | 0.0380 | |||
| Support | S1 | 0.0343 | -9.67 % | |
| S2 | 0.0327 | -14.02 % | ||
| S3 | 0.0300 | -21.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0450 | 18.42 % | |
| R2 | 0.0425 | 11.84 % | ||
| R1 | 0.0388 | 2.11 % | ||
| Current price | 0.0380 | |||
| Support | S1 | 0.0350 | -7.89% | |
| S2 | 0.0325 | -14.47% | ||
| S3 | 0 | . |
TOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 1996 | Dec 09, 1996 | Dec 20, 1996 | £823.06 | 3.60% |
FAQ
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