Topps Tiles Forecast and Stock Analysis
Technical TPT.L stock analysis for March 22, 2019.
Topps Tiles gained 0.60% in the last trading day, rising from £74.55 to £75.00 , 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. The price has risen in 8 of the last 10 days and is up by 9.65% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 37 752 more shares were traded than the day before. In total, 116 902 shares bought and sold for approximately £8.77 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the TPT.L stock was £75.00. This is 0.6% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 4.17% from a day low at £72.00 to a day high of £75.00.
30 day high of the TPT.L stock price was £75.80 and low was £64.00.
90 day high was £75.80 and low was £59.80.
52 week high for the Topps Tiles - £87.30 and low - £57.00.
Topps Tiles lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.52% during the next 3 months and, with 90% probability hold a price between £79.80 and £87.59 at the end of this period.
Only positive signals in the chart today. Topps Tiles 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 £74.04 and £69.06. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
Topps Tiles finds support from accumulated volume at £73.00.
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 £3.00 between high and low, or 4.17%. For the last week, the stock has had a daily average volatility of 3.05%.
Our recommended stoploss: £71.02 (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Strong Buy Candidate
Topps Tiles holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.