TPT Global Tech, Inc. Stock Forecast

Evaluation of TPT Global Tech, Inc. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)

TPTW Signals & Forecast

The TPT Global Tech, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $0.0007 and $0.0006. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for TPT Global Tech, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0007. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 62.00%

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

Trading Expectations (TPTW) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect TPT Global Tech, Inc. to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0010, which gives a possible trading interval of +/-$0.0002 (+/-25.50%) up or down from last closing price. If TPT Global Tech, Inc. takes out the full calculated possible swing range there will be an estimated 51.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0009 (12.50%) than the support at $0.0007 (12.50%), 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 TPT Global Tech, Inc. stock A Buy?

TPT Global Tech, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.480 Sell Candidate Downgraded

Predicted Opening Price for TPT Global Tech, Inc. of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.