TSCO.L Forecast and Technical Stock Analysis
Hold candidate since 2019-07-15 Loss -0.83%
Tractor Supply Company gained 0.85% in the last trading day ( Friday, 19th Jul 2019 ), rising from £2.36 to £2.38 During the day the stock fluctuated 1.27% from a day low at £2.36 to a day high of £2.39. The price has fallen in 5 of the last 10 days , but is still up by 0.42% over the past 2 weeks. Volume fell in the last day by -4.67 million shares and in total, 11.57 million shares bought and sold for approximately £27.53 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the TSCO.L stock price was £2.43 and low was £2.23.
- 90 day high was £2.54 and low was £2.20.
- 52 week high for Tractor Supply Company - £247.60 and low - £1.87.
Tractor Supply Company lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £2.41 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.88% during the next 3 months and, with 90% probability hold a price between £2.04 and £2.27 at the end of this period.
Tractor Supply Company holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £2.39. On a fall, the stock will find some support from the long-term average at approximately £2.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 63 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Tractor Supply Company finds support from accumulated volume at £2.37.
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 £0.03 (1.27%) between high and low. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: £2.26 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.60 %Average volatility
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