Trident Royalties Plc Stock Forecast
Trident Royalties Plc stock price ended at £34.50 on Monday, after losing 0%.
(Updated on Apr 22, 2024)
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^ falseNo changes to the price of Trident Royalties Plc stock on the last trading day (Monday, 22nd Apr 2024). During the last trading day the stock fluctuated 2.94% from a day low at £34.00 to a day high of £35.00. The price has fallen in 5 of the last 10 days and is down by -4.17% for this period.
The stock lies in the middle of a 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 -3.39% during the next 3 months and, with a 90% probability hold a price between £31.95 and £34.58 at the end of this 3-month period.
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TRR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trident Royalties 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 £34.64 and £34.73. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Trident Royalties Plc stock
Trident Royalties Plc finds support from accumulated volume at £34.25 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 £1.00 (2.94%) between high and low. For the last week, the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRR.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Trident Royalties Plc to open at £34.50, and during the day (based on 14 day Average True Range), to move between £33.28 and £35.72, which gives a possible trading interval of +/-£1.22 (+/-3.54%) up or down from last closing price. If Trident Royalties Plc takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £34.25 (0.72%) than the resistance at £35.00 (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trident Royalties Plc stock A Buy?
Trident Royalties Plc holds several negative signals and is within a 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: -2.147 Sell Candidate Unchanged
Predicted Opening Price for Trident Royalties Plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £34.50 ( 0%) | £34.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.50 | 2.90 % | |
| R2 | 35.12 | 1.79 % | ||
| R1 | 34.88 | 1.11 % | ||
| Current price: | 34.50 | |||
| Support | S1 | 34.12 | -1.11 % | |
| S2 | 33.88 | -1.79 % | ||
| S3 | 33.50 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.00 | 4.35 % | |
| R2 | 35.50 | 2.90 % | ||
| R1 | 35.00 | 1.45 % | ||
| Current price | 34.50 | |||
| Support | S1 | 34.25 | -0.725% | |
| S2 | 34.00 | -1.45% | ||
| S3 | 33.75 | -2.17% |
FAQ
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