XLON:0GAL
Delisted

Tomra Systems Stock Forecast

£283.40
+0 (+0%)
At Close: Aug 08, 2019
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Thursday for Tomra Systems stock after losing 0%
(Updated on Aug 08, 2019)

Sell candidate since Aug 06, 2019 PDF

No changes to the price of Tomra Systems stock on the last trading day (Thursday, 8th Aug 2019). During the last trading day the stock fluctuated 0% from a day low at £283.40 to a day high of £283.40. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £283.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.48% during the next 3 months and, with a 90% probability hold a price between £309.93 and £340.17 at the end of this 3-month period.

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0GAL.L Signals & Forecast

There are mixed signals in the stock today. The Tomra Systems 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 £283.40 and £284.09. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 28, 2019, and so far it has risen 0.85%. 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).

Support, Risk & Stop-loss for Tomra Systems stock

Tomra Systems finds support from accumulated volume at £274.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0GAL.L) For The Upcoming Trading Day Of Friday 9th

For the upcoming trading day on Friday, 9th we expect Tomra Systems to open at £283.40, and during the day (based on 14 day Average True Range), to move between £282.30 and £284.50, which gives a possible trading interval of +/-£1.10 (+/-0.39%) up or down from last closing price. If Tomra Systems takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £285.30 (0.67%) than the support at £274.80 (3.03%), 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 Tomra Systems stock A Buy?

Tomra Systems holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.193 Sell Candidate Unchanged

Predicted Opening Price for Tomra Systems of Friday, August 9, 2019

Fair opening price August 9, 2019 Current price
£283.40 ( 0%) £283.40

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 0GAL.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 283.40 .
R2 283.40 .
R1 283.40 .
Current price: 283.40
Support S1 283.40 .
S2 283.40 .
S3 283.40 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 295.70 4.34 %
R2 289.20 2.05 %
R1 285.30 0.670 %
Current price 283.40
Support S1 274.80 -3.03%
S2 265.20 -6.42%
S3 251.80 -11.15%

FAQ

What is the symbol for Tomra Systems Stock and on which exchange is it traded?
The symbol for Tomra Systems is 0GAL.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Tomra Systems Stock?
Tomra Systems holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Tomra Systems Stock?
Tomra Systems Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tomra Systems Stock.

What's the current price of Tomra Systems Stock?
As of the end of day on the 2019-08-08, the price of an Tomra Systems (0GAL.L) share was £283.40.

What is the 52-week high and low for Tomra Systems Stock?
The 52-week high for Tomra Systems Stock is £296.00 and the 52-week low is £166.40.
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