Titon Holdings Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Titon Holdings Plc stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
No changes to the price of Titon Holdings Plc stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £84.50 to a day high of £84.50. The price has risen in 5 of the last 10 days and is up by 9.03% over the past 2 weeks.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £84.50 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £95.46 sometime during the next 3 months.
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TON.L Signals & Forecast
The Titon Holdings Plc 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 £80.57 and £77.88. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Titon Holdings Plc stock
Titon Holdings Plc finds support from accumulated volume at £80.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: £81.39 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TON.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Titon Holdings Plc to open at £84.50, and during the day (based on 14 day Average True Range), to move between £82.16 and £86.84, which gives a possible trading interval of +/-£2.34 (+/-2.77%) up or down from last closing price. If Titon Holdings Plc takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £85.00 (0.59%) than the support at £80.42 (4.83%), 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 Titon Holdings Plc stock A Buy?
Titon Holdings 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Titon Holdings Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £84.50 ( 0%) | £84.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TON.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 84.50 | - |
| R2 | 84.50 | - |
| R1 | 84.50 | - |
| Price | 84.50 | |
| S1 | 84.50 | - |
| S2 | 84.50 | - |
| S3 | 84.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 85.00 | 0.592% |
| Price | 84.50 | |
| S1 | 80.42 | -4.83% |
| S2 | 78.50 | -7.10% |
| S3 | 75.00 | -11.24% |
TON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Apr 05, 2024 | £0.500 | 0.667% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £0.500 | 0.667% |
| 3 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £0.500 | 0.667% |
| 4 | Jan 26, 2023 | Feb 09, 2023 | Mar 31, 2023 | £0.500 | 0.714% |
| 5 | May 12, 2022 | May 26, 2022 | Jul 01, 2022 | £1.50 | 1.74% |
FAQ
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