TwentyFour Income Fund Ltd Forecast and Stock Analysis
Technical TFIF.L stock analysis for March 22, 2019.
TwentyFour Income Fund Ltd gained 0.44% in the last trading day, rising from £114.50 to £115.00 The price has been going up and down for this period, and there has been a 0.44% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 280 067 more shares were traded than the day before. In total, 766 107 shares bought and sold for approximately £88.10 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the TFIF.L stock was £115.00. This is 0.44% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.44% from a day low at £114.50 to a day high of £115.00.
30 day high of the TFIF.L stock price was £115.50 and low was £113.50.
90 day high was £116.00 and low was £110.50.
52 week high for the TwentyFour Income Fund Ltd - £125.50 and low - £110.50.
TwentyFour Income Fund Ltd lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £114.66 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.53% during the next 3 months and, with 90% probability hold a price between £118.71 and £121.58 at the end of this period.
Only positive signals in the chart today. TwentyFour Income Fund Ltd holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £114.57 and £114.69. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday February 26, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
TwentyFour Income Fund Ltd finds support from accumulated volume at £114.50.
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 £0.50 (0.44%) between high and low. For the last week, the stock has had a daily average volatility of 0.53%.
Our recommended stoploss: £108.29 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 18 days ago.)
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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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.