Thomas Cook Group Plc Stock Forecast

Thomas Cook Group Plc stock price ended at £0.0345 on Friday, after losing 0%.
(Updated on Sep 27, 2019)

TCG.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, September 20, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Thomas Cook Group Plc 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 £0.0360 and £0.0574. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Thomas Cook Group Plc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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%

Thomas Cook Group Plc is oversold on RSI14 (2). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (TCG.L) For The Upcoming Trading Day Of Monday 30th

For the upcoming trading day on Monday, 30th we expect Thomas Cook Group Plc to open at £0.0345, and during the day (based on 14 day Average True Range), to move between £0.0274 and £0.0416, which gives a possible trading interval of +/-£0.0071 (+/-20.61%) up or down from last closing price. If Thomas Cook Group Plc takes out the full calculated possible swing range there will be an estimated 41.21% move between the lowest and the highest trading price during the day.

Is Thomas Cook Group Plc stock A Buy?

Thomas Cook Group Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.230 Sell Candidate Unchanged

Predicted Opening Price for Thomas Cook Group Plc of Monday, September 30, 2019

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