Tristel Plc Stock Forecast
Green day on Thursday for Tristel Plc
(Updated on Apr 25, 2024)
The Tristel Plc stock price gained 0.541% on the last trading day (Thursday, 25th Apr 2024), rising from £462.50 to £465.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.51% from a day low at £460.00 to a day high of £471.55. The price has been going up and down for this period, and there has been a -3.13% loss for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 22 thousand shares were bought and sold for approximately £10.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tristel Plc stock with a 90% probability to be traded between £431.77 and £481.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TSTL.L Signals & Forecast
The Tristel Plc 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 £457.70 and £462.18. 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 4.49%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Tristel Plc stock
Tristel Plc finds support from accumulated volume at £460.00 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 £11.55 between high and low, or 2.51%. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: £446.39 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TSTL.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Tristel Plc to open at £465.52, and during the day (based on 14 day Average True Range), to move between £448.54 and £481.46, which gives a possible trading interval of +/-£16.46 (+/-3.54%) up or down from last closing price. If Tristel Plc takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £470.00 (1.08%) than the support at £460.00 (1.08%), 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 Tristel Plc stock A Buy?
Tristel 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: -0.537 Hold/Accumulate Unchanged
Predicted Opening Price for Tristel Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £465.52 ( 0.111%) | £465.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSTL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 477.07 | 2.59 % | |
| R2 | 472.65 | 1.65 % | ||
| R1 | 469.93 | 1.06 % | ||
| Current price: | 465.00 | |||
| Support | S1 | 461.10 | -0.84 % | |
| S2 | 458.38 | -1.42 % | ||
| S3 | 453.97 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 480.00 | 3.23 % | |
| R2 | 472.50 | 1.61 % | ||
| R1 | 470.00 | 1.08 % | ||
| Current price | 465.00 | |||
| Support | S1 | 460.00 | -1.08% | |
| S2 | 450.00 | -3.23% | ||
| S3 | 445.00 | -4.30% |
TSTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 12, 2024 | £5.24 | 1.09% |
| 2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0 | 0% |
| 3 | Feb 20, 2023 | Mar 16, 2023 | Apr 11, 2023 | £2.62 | 0.788% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | £3.93 | 1.20% |
| 5 | Jul 18, 2022 | Jul 28, 2022 | Aug 10, 2022 | £3.00 | 0.81% |
FAQ
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