TLW.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-16 Gain 3.47%
Tullow Oil Plc gained 3.47% in the last trading day ( Monday, 19th Aug 2019 ), rising from £2.02 to £2.09 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.44% from a day low at £2.05 to a day high of £2.10. The price has risen in 5 of the last 10 days and is up by 18.75% over the past 2 weeks. Volume fell in the last day by -4.20 million shares and in total, 5.82 million shares bought and sold for approximately £12.16 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the TLW.L stock price was £2.16 and low was £1.74.
- 90 day high was £2.32 and low was £1.74.
- 52 week high for Tullow Oil Plc - £240.70 and low - £1.63.
Tullow Oil Plc lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £2.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.16% during the next 3 months and, with 90% probability hold a price between £1.59 and £1.95 at the end of this period.
Only positive signals in the chart today. Tullow Oil Plc holds buy signals from both short- and long-term moving averages. In addition, 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 £2.03 and £1.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Tullow Oil Plc finds support from accumulated volume at £2.08.
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 £0.05 between high and low, or 2.44%. For the last week, the stock has had a daily average volatility of 4.82%.
Our recommended stop-loss: £2.01 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
4.82 %Average volatility
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!