Tristel Plc Stock Forecast
Tristel Plc stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Tristel Plc stock price fell by -0.538% on the last day (Wednesday, 1st May 2024) from £465.00 to £462.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.64% from a day low at £453.50 to a day high of £470.00. The price has been going up and down for this period, and there has been a -0.54% loss 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 -58 thousand shares and in total, 10 thousand shares were bought and sold for approximately £4.40 million.
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 £441.03 and £490.97 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 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 £465.91. On a fall, the stock will find some support from the long-term average at approximately £462.39. 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. 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 -3.65%. 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 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 £16.50 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: £437.34 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TSTL.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Tristel Plc to open at £462.00, and during the day (based on 14 day Average True Range), to move between £445.80 and £479.20, which gives a possible trading interval of +/-£16.70 (+/-3.61%) up or down from last closing price. If Tristel Plc takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £465.00 (0.54%) than the support at £460.00 (0.54%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.916 Hold/Accumulate Upgraded
Predicted Opening Price for Tristel Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £462.00 ( 0.108%) | £462.50 |
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 | 478.50 | 3.46 % | |
| R2 | 472.20 | 2.10 % | ||
| R1 | 468.30 | 1.25 % | ||
| Current price: | 462.50 | |||
| Support | S1 | 455.70 | -1.47 % | |
| S2 | 451.80 | -2.31 % | ||
| S3 | 445.50 | -3.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 480.00 | 3.78 % | |
| R2 | 470.00 | 1.62 % | ||
| R1 | 465.00 | 0.541 % | ||
| Current price | 462.50 | |||
| Support | S1 | 460.00 | -0.541% | |
| S2 | 450.00 | -2.70% | ||
| S3 | 445.00 | -3.78% |
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% |
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