0% commission for ETF tradesTupperware Brands Corporation Stock Forecast
AI Analysis of TUP
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Stronger technical forecast for Tupperware Brands Corporation stock price after Friday trading.
(Updated on Sep 13, 2024)
The Tupperware Brands Corporation stock price gained 0.84% on the last trading day (Friday, 13th Sep 2024), rising from $1.19 to $1.20. 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 4.35% from a day low at $1.15 to a day high of $1.20. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 259 thousand shares were bought and sold for approximately $310.44 thousand.
The stock lies the upper part of a very wide and falling 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 $1.24 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.09% during the next 3 months and, with a 90% probability hold a price between $0.797 and $1.02 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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TUP Signals & Forecast
The Tupperware Brands Corporation 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 $1.17 and $1.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, August 07, 2024, and so far it has risen 7.14%. Further rise is indicated until a new top pivot has been found. Tupperware Brands Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tupperware Brands Corporation stock
Tupperware Brands Corporation finds support from accumulated volume at $1.18 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 $0.0500 between high and low, or 4.35%. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: $1.15 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 81 days ago.)
Trading Expectations (TUP) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect Tupperware Brands Corporation to open at $1.18, and during the day (based on 14 day Average True Range), to move between $1.14 and $1.26, which gives a possible trading interval of +/-$0.0616 (+/-5.13%) up or down from last closing price. If Tupperware Brands Corporation takes out the full calculated possible swing range there will be an estimated 10.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.18 (1.67%) than the resistance at $1.28 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tupperware Brands Corporation stock A Buy?
Tupperware Brands Corporation 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.
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Current score: -0.333 Hold/Accumulate Upgraded
Predicted Opening Price for Tupperware Brands Corporation of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $1.18 ( 1.39%) | $1.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.23 | 2.78% |
| R2 | 1.21 | 1.19% |
| R1 | 1.20 | 0.203% |
| Price | 1.20 | |
| S1 | 1.16 | -2.98% |
| S2 | 1.15 | -3.96% |
| S3 | 1.13 | -5.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.36 | 13.33% |
| R2 | 1.32 | 10.00% |
| R1 | 1.28 | 6.67% |
| Price | 1.20 | |
| S1 | 1.18 | -1.67% |
| S2 | 1.15 | -4.17% |
| S3 | 1.14 | -5.00% |
TUP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 07, 2019 | Sep 17, 2019 | Oct 04, 2019 | $0.270 | 1.78% |
| 2 | May 22, 2019 | Jun 18, 2019 | Jul 08, 2019 | $0.270 | 1.45% |
| 3 | Jan 30, 2019 | Mar 19, 2019 | Apr 05, 2019 | $0.270 | 1.01% |
| 4 | Nov 01, 2018 | Dec 18, 2018 | Jan 04, 2019 | $0.680 | 2.01% |
| 5 | Aug 22, 2018 | Sep 18, 2018 | Oct 04, 2018 | $0.680 | 2.07% |
FAQ
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