VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will TPT.L stock price go up or down on Tue, 28 May 2019?

Predict

Topps Tiles Forecast and Stock Analysis

Technical TPT.L stock analysis for Friday May 24, 2019.

Sell candidate since 2019-05-21 Loss -5.32%


No changes to the price of Topps Tiles in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at £71.20 to a day high of £71.20. The price has fallen in 5 of the last 10 days and is down by -3% for this period.

Quick summary:

  • 30 day high of the TPT.L stock price was £77.80 and low was £70.00.
  • 90 day high was £85.00 and low was £64.00.
  • 52 week high for the Topps Tiles - £85.00 and low - £57.00.

Trend

Topps Tiles has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £71.29. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Topps Tiles holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £74.51 and £75.83. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Topps Tiles finds support from accumulated volume at £71.10.

Support: £71.10 Price: £71.20 Resistance: £73.00

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 4.44%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

4.44 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

The Topps Tiles stock holds several negative signals and despite the positive trend we believe Topps Tiles will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.

Strong Sell Candidate Downgraded

Will TPT.L stock price go up or down
on Tue, 28 May 2019?

Predict

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