Weaker Buy Today TATE.L ranks #1121 as BUY CANDIDATE. Stronger Buy
Today TATE.L ranks #1121 as BUY CANDIDATE.

TATE.L stock Tate & Lyle plc

TATE.L stock
Tate & Lyle plc

March 22, 2019
Change -1.13%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will TATE.L stock price go up or down on Mon, 25 Mar 2019?

Tate & Lyle plc Forecast and Stock Analysis

Technical TATE.L stock analysis for March 22, 2019.

Buy candidate since 2019-03-15 Gain 3.81%

Tate & Lyle plc fell by -1.13% in the last day from £722.60 to £714.40 The price has risen in 6 of the last 10 days and is up by 3.78% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.21 million shares and in total 2.02 million shares bought and sold for approximately £1 441.92 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the TATE.L stock was £714.40. This is 1.13% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 2.42% from a day low at £710.60 to a day high of £727.80.

30 day high of the TATE.L stock price was £738.40 and low was £678.00.
90 day high was £738.40 and low was £655.00.
52 week high for the Tate & Lyle plc - £738.40 and low - £522.60.

Trend

Tate & Lyle plc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.34% during the next 3 months and, with 90% probability hold a price between £722.90 and £783.28 at the end of this period.

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Signals

Tate & Lyle plc holds buy signals from both short- and long-term moving averages. In addition, 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 £703.06 and £700.57. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Tate & Lyle plc finds support from accumulated volume at £688.20.

Support: £688.20 Price: £714.40 Resistance: £718.60

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £17.20 (2.42%) between high and low. For the last week, the stock has had a daily average volatility of 1.79%.

Our recommended stoploss: £683.03 (-4.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term.

Weaker Buy Today TATE.L ranks #1121 as BUY CANDIDATE. Stronger Buy
Today TATE.L ranks #1121 as BUY CANDIDATE.