Thermon Group Holdings Inc Stock Forecast
Red day on Wednesday for Thermon Group Holdings Inc stock after losing 0%
(Updated on Sep 02, 2020)
No changes to the price of Thermon Group Holdings Inc stock on the last trading day (Wednesday, 2nd Sep 2020). During the last trading day the stock fluctuated 0% from a day low at £0.0100 to a day high of £0.0100. The price has been going up and down for this period, and there has been a 270.37% gain for the last 2 weeks.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £0 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £0 sometime during the next 3 months.
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THR.L Signals & Forecast
The Thermon Group Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £0.0081 and £0.0034. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Thermon Group Holdings Inc 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 with good liquidity the risk is considered very low in this 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: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (THR.L) For The Upcoming Trading Day Of Thursday 3rd
Is Thermon Group Holdings Inc stock A Buy?
Thermon Group Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Thermon Group Holdings Inc of Thursday, September 3, 2020
| Fair opening price September 3, 2020 | Current price |
|---|---|
| £0.0100 ( 0%) | £0.0100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0100 | . | |
| R2 | 0.0100 | . | ||
| R1 | 0.0100 | . | ||
| Current price: | 0.0100 | |||
| Support | S1 | 0.0100 | . | |
| S2 | 0.0100 | . | ||
| S3 | 0.0100 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0100 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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