Tate & Lyle plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Tate & Lyle plc stock downgraded to Sell Candidate
(Updated on Apr 26, 2024)
No changes to the price of Tate & Lyle plc stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 2.07% from a day low at £629.50 to a day high of £642.50. The price has risen in 5 of the last 10 days but is still down by -0.24% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tate & Lyle plc stock with a 90% probability to be traded between £607.98 and £659.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TATE.L Signals & Forecast
The Tate & Lyle plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £638.07. On a fall, the stock will find some support from the long-term average at approximately £614.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -1.93%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Tate & Lyle plc stock
Tate & Lyle plc finds support from accumulated volume at £613.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £13.00 (2.07%) between high and low. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TATE.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Tate & Lyle plc to open at £635.33, and during the day (based on 14 day Average True Range), to move between £620.53 and £647.47, which gives a possible trading interval of +/-£13.47 (+/-2.12%) up or down from last closing price. If Tate & Lyle plc takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £635.50 (0.24%) than the support at £613.50 (3.23%), 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 Tate & Lyle plc stock A Buy?
Tate & Lyle plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.129 Sell Candidate Downgraded
Predicted Opening Price for Tate & Lyle plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £635.33 ( 0.210%) | £634.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TATE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 648.33 | 2.26 % | |
| R2 | 643.37 | 1.48 % | ||
| R1 | 640.30 | 0.99 % | ||
| Current price: | 634.00 | |||
| Support | S1 | 630.37 | -0.573 % | |
| S2 | 627.30 | -1.06 % | ||
| S3 | 622.33 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 640.50 | 1.03 % | |
| R2 | 637.50 | 0.552 % | ||
| R1 | 635.50 | 0.237 % | ||
| Current price | 634.00 | |||
| Support | S1 | 613.50 | -3.23% | |
| S2 | 603.00 | -4.89% | ||
| S3 | 596.50 | -5.91% |
TATE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £6.20 | 0.99% |
| 2 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £13.10 | 1.78% |
| 3 | Nov 10, 2022 | Nov 24, 2022 | Jan 04, 2023 | £5.40 | 0.734% |
| 4 | Jun 09, 2022 | Jun 30, 2022 | Aug 05, 2022 | £12.80 | 1.60% |
| 5 | Apr 07, 2022 | May 03, 2022 | May 16, 2022 | £107.00 | 13.74% |
FAQ
Click here for our free guide on how to buy Tate & Lyle plc Stock.
