Travis Perkins 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
Travis Perkins plc stock price ended at £753.00 on Tuesday, after losing 1.12%.
(Updated on Apr 30, 2024)
The Travis Perkins plc stock price fell by -1.12% on the last day (Tuesday, 30th Apr 2024) from £761.50 to £753.00. During the last trading day the stock fluctuated 2.39% from a day low at £753.00 to a day high of £771.00. The price has been going up and down for this period, and there has been a 4.58% gain 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 -494 thousand shares and in total, 501 thousand shares were bought and sold for approximately £377.52 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £764.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.53% during the next 3 months and, with a 90% probability hold a price between £634.09 and £722.24 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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TPK.L Signals & Forecast
The Travis Perkins 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 £737.43 and £725.57. A breakdown below any of these levels will issue sell signals. 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 Friday, April 26, 2024, and so far it has fallen -1.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Travis Perkins plc stock
Travis Perkins plc finds support from accumulated volume at £737.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £18.00 (2.39%) between high and low. For the last week, the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: £719.18 (-4.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TPK.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Travis Perkins plc to open at £759.00, and during the day (based on 14 day Average True Range), to move between £729.67 and £776.33, which gives a possible trading interval of +/-£23.33 (+/-3.10%) up or down from last closing price. If Travis Perkins plc takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £759.40 (0.85%) than the support at £737.20 (2.10%), 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 Travis Perkins plc stock A Buy?
Travis Perkins 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.
Current score: 0.159 Hold/Accumulate Unchanged
Predicted Opening Price for Travis Perkins plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £759.00 ( 0.797%) | £753.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPK.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 777.00 | 3.19 % | |
| R2 | 770.12 | 2.27 % | ||
| R1 | 765.88 | 1.71 % | ||
| Current price: | 753.00 | |||
| Support | S1 | 752.12 | -0.116 % | |
| S2 | 747.88 | -0.680 % | ||
| S3 | 741.00 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 769.40 | 2.18 % | |
| R2 | 761.50 | 1.13 % | ||
| R1 | 759.40 | 0.85 % | ||
| Current price | 753.00 | |||
| Support | S1 | 737.20 | -2.10% | |
| S2 | 732.00 | -2.79% | ||
| S3 | 729.50 | -3.12% |
TPK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 09, 2024 | £5.50 | 0.730% |
| 2 | Feb 28, 2023 | Apr 06, 2023 | May 18, 2023 | £26.50 | 2.83% |
| 3 | Aug 02, 2022 | Oct 06, 2022 | Nov 11, 2022 | £12.50 | 1.27% |
| 4 | Mar 03, 2022 | Mar 31, 2022 | May 13, 2022 | £26.00 | 2.25% |
| 5 | Aug 03, 2021 | Sep 30, 2021 | Nov 05, 2021 | £35.00 | 2.25% |
FAQ
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