Tomra Systems Stock Forecast
Red day on Thursday for Tomra Systems stock after losing 0%
(Updated on Aug 08, 2019)
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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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
Click here for our free guide on how to buy Tomra Systems Stock.