Previous Hold Today TSCO.L ranks #2320 as HOLD CANDIDATE #2320 Next Hold

TSCO.L stock forecast Tractor Supply Company

TSCO.L stock forecast

VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

TSCO.L Forecast and Technical Stock Analysis

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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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

Support: £2.37 Price: £2.38 Resistance: £2.41

Risk

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

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Tractor Supply Company holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development.

Previous Hold Today TSCO.L ranks #2320 as HOLD CANDIDATE #2320 Next Hold

Will TSCO.L stock price go up or down on Tue, 23 Jul 2019?

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