TT electronics plc Stock Forecast
Green day on Tuesday for TT electronics plc stock after gaining 0.299%
(Updated on Apr 23, 2024)
The TT electronics plc stock price gained 0.299% on the last trading day (Tuesday, 23rd Apr 2024), rising from £167.50 to £168.00. During the last trading day the stock fluctuated 5.30% from a day low at £160.50 to a day high of £169.00. The price has risen in 8 of the last 10 days and is up by 9.45% over the past 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 52 thousand shares were bought and sold for approximately £8.69 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 lies in the upper part of a wide and strong rising 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 £168.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.09% during the next 3 months and, with a 90% probability hold a price between £158.45 and £185.74 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TTG.L Signals & Forecast
Mostly positive signals in the chart today. The TT electronics 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 £164.50 and £155.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 24.26%. 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 TT electronics plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £156.00 and £155.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TT electronics plc finds support just below today's level at £156.00. If this is broken, then the next support from accumulated volume will be at £155.00 and £141.80.
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 £8.50 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 4.69%.
Our recommended stop-loss: £162.79 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (TTG.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect TT electronics plc to open at £165.83, and during the day (based on 14 day Average True Range), to move between £161.34 and £174.66, which gives a possible trading interval of +/-£6.66 (+/-3.96%) up or down from last closing price. If TT electronics plc takes out the full calculated possible swing range there will be an estimated 7.93% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £156.00, some £12.00 (7.14%) from the current price of £168.00, our system finds the risk reward attractive.
Is TT electronics plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TT electronics plc stock to perform well in the short-term.
Current score: 4.636 Buy Candidate Unchanged
Predicted Opening Price for TT electronics plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £165.83 ( 1.29%) | £168.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 174.33 | 3.77 % | |
| R2 | 171.09 | 1.84 % | ||
| R1 | 169.08 | 0.643 % | ||
| Current price: | 168.00 | |||
| Support | S1 | 162.59 | -3.22 % | |
| S2 | 160.58 | -4.42 % | ||
| S3 | 157.33 | -6.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 168.00 | |||
| Support | S1 | 156.00 | -7.14% | |
| S2 | 155.00 | -7.74% | ||
| S3 | 141.80 | -15.60% |
TTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 15, 2024 | £4.65 | 2.77% |
| 2 | Mar 08, 2023 | Apr 27, 2023 | May 26, 2023 | £4.30 | 2.68% |
| 3 | Aug 04, 2022 | Sep 22, 2022 | Oct 13, 2022 | £2.00 | 1.39% |
| 4 | Mar 09, 2022 | Apr 28, 2022 | May 20, 2022 | £3.80 | 2.08% |
| 5 | Aug 05, 2021 | Sep 23, 2021 | Oct 14, 2021 | £1.80 | 0.700% |
FAQ
Click here for our free guide on how to buy TT electronics plc Stock.
