RSI low/high Values: [ 20 - 80 ]
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AI Analysis of TLW.L
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Tullow Oil Plc stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Tullow Oil Plc stock price fell by -1.32% on the last day (Wednesday, 27th Mar 2024) from £31.92 to £31.50. During the last trading day the stock fluctuated 2.04% from a day low at £31.34 to a day high of £31.98. The price has risen in 6 of the last 10 days and is up by 16.06% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 1 million shares were bought and sold for approximately £46.27 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may 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 £31.80 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 -19.15% during the next 3 months and, with a 90% probability hold a price between £20.46 and £25.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TLW.L Signals & Forecast

The Tullow Oil Plc 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 £29.92 and £29.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 18.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Tullow Oil Plc stock

Tullow Oil Plc finds support from accumulated volume at £30.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.641 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 5.19%.

Our recommended stop-loss: £30.32 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (TLW.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tullow Oil Plc to open at £31.61, and during the day (based on 14 day Average True Range), to move between £29.88 and £33.12, which gives a possible trading interval of +/-£1.62 (+/-5.14%) up or down from last closing price. If Tullow Oil Plc takes out the full calculated possible swing range there will be an estimated 10.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £32.20 (2.22%) than the support at £30.50 (3.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Tullow Oil Plc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.184 Buy Candidate Upgraded

Predicted Opening Price for Tullow Oil Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£31.61 ( 0.338%) £31.50

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

Trading levels for TLW.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 32.25 2.37 %
R2 32.00 1.59 %
R1 31.85 1.11 %
Current price: 31.50
Support S1 31.36 -0.439 %
S2 31.21 -0.92 %
S3 30.97 -1.70 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 34.50 9.52 %
R2 33.44 6.16 %
R1 32.20 2.22 %
Current price 31.50
Support S1 30.50 -3.17%
S2 28.14 -10.67%
S3 27.96 -11.24%

TLW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 24, 2019 Aug 29, 2019 Oct 04, 2019 £1.89 0.92%
2 Feb 13, 2019 Apr 04, 2019 May 10, 2019 £3.73 1.75%
3 Jul 30, 2014 Aug 27, 2014 Oct 03, 2014 £3.41 0.667%
4 Feb 12, 2014 Apr 02, 2014 May 09, 2014 £6.81 0.89%
5 Jul 31, 2013 Aug 28, 2013 Oct 03, 2013 £3.41 0.399%

FAQ

What is the symbol for Tullow Oil Plc Stock and on which exchange is it traded?
The symbol for Tullow Oil Plc is TLW.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Tullow Oil Plc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Tullow Oil Plc Stock?
Tullow Oil Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tullow Oil Plc Stock.

What's the current price of Tullow Oil Plc Stock?
As of the end of day on the 2024-03-27, the price of an Tullow Oil Plc (TLW.L) share was £31.50.

What is the 52-week high and low for Tullow Oil Plc Stock?
The 52-week high for Tullow Oil Plc Stock is £39.94 and the 52-week low is £21.92.

What is the market capitalization of Tullow Oil Plc Stock?
As of the 2024-03-27, the market capitalization of Tullow Oil Plc is 458.054M.

When is the next earnings date for Tullow Oil Plc?
The upcoming earnings date for Tullow Oil Plc is Sep 11, 2024.
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About Tullow Oil Plc

Tullow Oil Plc Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.... TLW.L Profile

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