Tullow Oil Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Tullow Oil Plc stock price ended at £36.22 on Thursday, after losing 0.82%.
(Updated on Apr 18, 2024)
The Tullow Oil Plc stock price fell by -0.82% on the last day (Thursday, 18th Apr 2024) from £36.52 to £36.22. During the last trading day the stock fluctuated 3.65% from a day low at £35.58 to a day high of £36.88. The price has risen in 7 of the last 10 days and is up by 6.53% 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 -605 thousand shares and in total, 2 million shares were bought and sold for approximately £79.20 million.
The stock lies in the upper part of a very wide and strong rising 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 £38.01 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.31% during the next 3 months and, with a 90% probability hold a price between £30.95 and £41.93 at the end of this 3-month period.
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TLW.L Signals & Forecast
The Tullow Oil Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £36.49. On a fall, the stock will find some support from the long-term average at approximately £31.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -4.13%. Further fall is indicated until a new bottom pivot has been found. 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 £34.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the 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 £1.30 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 6.25%.
Our recommended stop-loss: £34.46 (-4.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (TLW.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Tullow Oil Plc to open at £36.23, and during the day (based on 14 day Average True Range), to move between £34.55 and £37.89, which gives a possible trading interval of +/-£1.67 (+/-4.61%) up or down from last closing price. If Tullow Oil Plc takes out the full calculated possible swing range there will be an estimated 9.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £36.52 (0.83%) than the support at £34.50 (4.75%), 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, 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 Tullow Oil Plc stock to perform well in the short-term.
Current score: 1.516 Buy Candidate Unchanged
Predicted Opening Price for Tullow Oil Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £36.23 ( 0.0184%) | £36.22 |
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 | 37.53 | 3.61 % | |
| R2 | 37.03 | 2.24 % | ||
| R1 | 36.72 | 1.39 % | ||
| Current price: | 36.22 | |||
| Support | S1 | 35.73 | -1.35 % | |
| S2 | 35.42 | -2.20 % | ||
| S3 | 34.93 | -3.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.78 | 4.31 % | |
| R2 | 37.00 | 2.15 % | ||
| R1 | 36.52 | 0.83 % | ||
| Current price | 36.22 | |||
| Support | S1 | 34.50 | -4.75% | |
| S2 | 31.50 | -13.03% | ||
| S3 | 27.96 | -22.81% |
TLW Dividend Payout History
| # | 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
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