Top Financial Group Limited Stock Forecast

Red day on Thursday for Top Financial Group Limited stock after losing 0%
(Updated on May 16, 2024)

TOP Signals & Forecast

The Top Financial Group Limited 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 $2.72. On a fall, the stock will find some support from the long-term average at approximately $2.60. 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 -9.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Top Financial Group Limited stock

Top Financial Group Limited finds support from accumulated volume at $2.60 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.175 between high and low, or 6.69%. For the last week the stock has had daily average volatility of 10.78%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TOP) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Top Financial Group Limited to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.43 and $2.85, which gives a possible trading interval of +/-$0.206 (+/-7.82%) up or down from last closing price. If Top Financial Group Limited takes out the full calculated possible swing range there will be an estimated 15.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.60 (1.52%) than the resistance at $2.70 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Top Financial Group Limited stock A Buy?

Top Financial Group Limited 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.

Current score: -1.218 Sell Candidate Unchanged

Predicted Opening Price for Top Financial Group Limited of Friday, May 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.