Tandem Group plc Stock Forecast
Red day on Monday for Tandem Group plc stock after losing 3.71%
(Updated on Apr 22, 2024)
The Tandem Group plc stock price fell by -3.71% on the last day (Monday, 22nd Apr 2024) from £202.00 to £194.50. During the last trading day the stock fluctuated 0.154% from a day low at £194.50 to a day high of £194.80. The price has fallen in 4 of the last 10 days and is down by -3.71% for this period. Volume has increased on the last day by 812 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately £269.77 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £183.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.91% during the next 3 months and, with a 90% probability hold a price between £222.12 and £331.66 at the end of this 3-month period.
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TND.L Signals & Forecast
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. The Tandem Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £198.76 and £211.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -20.93%. Further fall is indicated until a new bottom pivot has been found. Tandem Group plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Tandem Group plc stock
Tandem Group plc finds support from accumulated volume at £185.00 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 £0.300 between high and low, or 0.154%. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TND.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Tandem Group plc to open at £194.60, and during the day (based on 14 day Average True Range), to move between £187.63 and £201.37, which gives a possible trading interval of +/-£6.87 (+/-3.53%) up or down from last closing price. If Tandem Group plc takes out the full calculated possible swing range there will be an estimated 7.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £200.00 (2.83%) than the support at £185.00 (4.88%), 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 Tandem Group plc stock A Buy?
The Tandem Group plc stock holds several negative signals and despite the positive trend, we believe Tandem Group plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.874 Sell Candidate Unchanged
Predicted Opening Price for Tandem Group plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £194.60 ( 0.0514%) | £194.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TND.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 194.90 | 0.206 % | |
| R2 | 194.79 | 0.147 % | ||
| R1 | 194.71 | 0.110 % | ||
| Current price: | 194.50 | |||
| Support | S1 | 194.49 | -0.0075 % | |
| S2 | 194.41 | -0.0439 % | ||
| S3 | 194.30 | -0.103 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 227.00 | 16.71 % | |
| R2 | 202.00 | 3.86 % | ||
| R1 | 200.00 | 2.83 % | ||
| Current price | 194.50 | |||
| Support | S1 | 185.00 | -4.88% | |
| S2 | 175.00 | -10.03% | ||
| S3 | 155.00 | -20.31% |
TND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £6.57 | 2.74% |
| 2 | Sep 15, 2022 | Oct 06, 2022 | Nov 15, 2022 | £3.43 | 1.07% |
| 3 | Mar 28, 2022 | May 12, 2022 | Jun 30, 2022 | £6.57 | 2.80% |
| 4 | Sep 14, 2021 | Oct 07, 2021 | Nov 15, 2021 | £3.43 | 0.532% |
| 5 | Mar 25, 2021 | May 13, 2021 | Jul 01, 2021 | £5.50 | 0.99% |
FAQ
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