Topps Tiles Stock Forecast
Topps Tiles stock price up more than 7.66% on Friday
(Updated on Apr 26, 2024)
The Topps Tiles stock price gained 7.66% on the last trading day (Friday, 26th Apr 2024), rising from £41.80 to £45.00. During the last trading day the stock fluctuated 7.03% from a day low at £42.89 to a day high of £45.90. The price has fallen in 6 of the last 10 days but is still up by 5.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 361 thousand more shares were traded than the day before. In total, 439 thousand shares were bought and sold for approximately £19.77 million.
Given the current short-term trend, the stock is expected to fall -7.04% during the next 3 months and, with a 90% probability hold a price between £37.39 and £41.83 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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TPT.L Signals & Forecast
Mostly positive signals in the chart today. The Topps Tiles stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £42.11 and £43.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, March 25, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 25, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Topps Tiles stock
Topps Tiles finds support from accumulated volume at £44.10 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 £3.02 between high and low, or 7.03%. For the last week, the stock has had daily average volatility of 6.60%.
Our recommended stop-loss: £43.31 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (TPT.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Topps Tiles to open at £44.60, and during the day (based on 14 day Average True Range), to move between £42.55 and £47.45, which gives a possible trading interval of +/-£2.45 (+/-5.44%) up or down from last closing price. If Topps Tiles takes out the full calculated possible swing range there will be an estimated 10.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £45.10 (0.22%) than the support at £44.10 (2.00%), 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 Topps Tiles stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.228 Buy Candidate Upgraded
Predicted Opening Price for Topps Tiles of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £44.60 ( 0.90%) | £45.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.61 | 5.80 % | |
| R2 | 46.46 | 3.24 % | ||
| R1 | 45.75 | 1.66 % | ||
| Current price: | 45.00 | |||
| Support | S1 | 43.44 | -3.46 % | |
| S2 | 42.73 | -5.04 % | ||
| S3 | 41.58 | -7.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.50 | 1.11 % | |
| R2 | 45.20 | 0.444 % | ||
| R1 | 45.10 | 0.222 % | ||
| Current price | 45.00 | |||
| Support | S1 | 44.10 | -2.00% | |
| S2 | 42.30 | -6.00% | ||
| S3 | 41.60 | -7.56% |
TPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0 | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £1.20 | 2.31% |
| 3 | Nov 29, 2022 | Dec 22, 2022 | Feb 03, 2023 | £2.60 | 5.26% |
| 4 | May 24, 2022 | Jun 09, 2022 | Jul 15, 2022 | £1.00 | 2.53% |
| 5 | Nov 30, 2021 | Dec 23, 2021 | Jan 31, 2022 | £3.10 | 4.86% |
FAQ
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