Tlou Energy Limited Forecast and Stock Analysis
Technical TLOU.L stock analysis for March 22, 2019.
Tlou Energy Limited fell by -4.88% in the last day from A$6.15 to A$5.85 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 1.74% over the past 2 weeks. Volume has increased in the last day by 101 226 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 434 556 shares bought and sold for approximately A$2.54 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the TLOU.L stock was A$5.85. This is 4.88% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 5.17% from a day low at A$5.80 to a day high of A$6.10.
30 day high of the TLOU.L stock price was A$6.40 and low was A$5.10.
90 day high was A$6.95 and low was A$4.00.
52 week high for the Tlou Energy Limited - A$10.05 and low - A$4.00.
Tlou Energy Limited lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at A$5.58 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 16.77% during the next 3 months and, with 90% probability hold a price between A$6.52 and A$8.79 at the end of this period.
There are few to none technical positive signals at the moment. Tlou Energy Limited holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 A$5.85 and A$5.91. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
Tlou Energy Limited finds support from accumulated volume at A$5.75.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved A$0.30 between high and low, or 5.17%. For the last week, the stock has had a daily average volatility of 6.45%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The Tlou Energy Limited stock holds several negative signals and despite the positive trend we believe Tlou Energy Limited will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.