Travis Perkins plc Stock Forecast
Travis Perkins plc stock price up 0.420% on Thursday
(Updated on Apr 18, 2024)
The Travis Perkins plc stock price gained 0.420% on the last trading day (Thursday, 18th Apr 2024), rising from £715.00 to £718.00. During the last trading day the stock fluctuated 2.93% from a day low at £700.00 to a day high of £720.50. The price has fallen in 6 of the last 10 days and is down by -3.62% for this period. Volume fell on the last day by -425 thousand shares and in total, 300 thousand shares were bought and sold for approximately £215.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.25% during the next 3 months and, with a 90% probability hold a price between £604.94 and £672.88 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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TPK.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Travis Perkins plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £731.71 and £725.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.27%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Travis Perkins plc stock
Travis Perkins plc finds support from accumulated volume at £715.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £20.50 (2.93%) between high and low. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TPK.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Travis Perkins plc to open at £712.83, and during the day (based on 14 day Average True Range), to move between £697.90 and £738.10, which gives a possible trading interval of +/-£20.10 (+/-2.80%) up or down from last closing price. If Travis Perkins plc takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £715.00 (0.42%) than the resistance at £732.00 (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Travis Perkins plc stock A Buy?
Travis Perkins plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.302 Sell Candidate Unchanged
Predicted Opening Price for Travis Perkins plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £712.83 ( 0.720%) | £718.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPK.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 733.33 | 2.14 % | |
| R2 | 725.50 | 1.04 % | ||
| R1 | 720.66 | 0.371 % | ||
| Current price: | 718.00 | |||
| Support | S1 | 705.00 | -1.81 % | |
| S2 | 700.16 | -2.48 % | ||
| S3 | 692.33 | -3.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 745.00 | 3.76 % | |
| R2 | 737.20 | 2.67 % | ||
| R1 | 732.00 | 1.95 % | ||
| Current price | 718.00 | |||
| Support | S1 | 715.00 | -0.418% | |
| S2 | 698.40 | -2.73% | ||
| S3 | 693.00 | -3.48% |
TPK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 09, 2024 | £5.50 | 0.766% |
| 2 | Feb 28, 2023 | Apr 06, 2023 | May 18, 2023 | £26.50 | 2.83% |
| 3 | Aug 02, 2022 | Oct 06, 2022 | Nov 11, 2022 | £12.50 | 1.27% |
| 4 | Mar 03, 2022 | Mar 31, 2022 | May 13, 2022 | £26.00 | 2.25% |
| 5 | Aug 03, 2021 | Sep 30, 2021 | Nov 05, 2021 | £35.00 | 2.25% |
FAQ
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