Tristel Plc Stock Forecast
Tristel Plc stock downgraded to Sell Candidate
(Updated on Apr 17, 2024)
The Tristel Plc stock price fell by -1.06% on the last day (Wednesday, 17th Apr 2024) from £470.00 to £465.00. During the last trading day the stock fluctuated 2.17% from a day low at £460.00 to a day high of £470.00. The price has risen in 4 of the last 10 days and is up by 5.68% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -132 thousand shares and in total, 54 thousand shares were bought and sold for approximately £25.30 million.
The stock lies in the middle of a wide and weak 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 3.19% during the next 3 months and, with a 90% probability hold a price between £451.97 and £513.56 at the end of this 3-month period.
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TSTL.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tristel Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £475.70 and £465.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, April 10, 2024 and based on theory for this formation the price should fall by -2.24% to £454.57 within 46 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for Tristel Plc stock
Tristel Plc finds support from accumulated volume at £460.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £10.00 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSTL.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Tristel Plc to open at £465.00, and during the day (based on 14 day Average True Range), to move between £448.17 and £481.83, which gives a possible trading interval of +/-£16.83 (+/-3.62%) up or down from last closing price. If Tristel Plc takes out the full calculated possible swing range there will be an estimated 7.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £470.00 (1.08%) than the support at £460.00 (1.08%), 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 Tristel Plc stock A Buy?
The Tristel Plc stock holds several negative signals and despite the positive trend, we believe Tristel Plc will perform weakly 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 analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.320 Sell Candidate Downgraded
Predicted Opening Price for Tristel Plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £465.00 ( 0%) | £465.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSTL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 475.00 | 2.15 % | |
| R2 | 471.18 | 1.33 % | ||
| R1 | 468.82 | 0.82 % | ||
| Current price: | 465.00 | |||
| Support | S1 | 461.18 | -0.82 % | |
| S2 | 458.82 | -1.33 % | ||
| S3 | 455.00 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 480.00 | 3.23 % | |
| R2 | 472.50 | 1.61 % | ||
| R1 | 470.00 | 1.08 % | ||
| Current price | 465.00 | |||
| Support | S1 | 460.00 | -1.08% | |
| S2 | 450.00 | -3.23% | ||
| S3 | 445.00 | -4.30% |
TSTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 12, 2024 | £5.24 | 1.09% |
| 2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0 | 0% |
| 3 | Feb 20, 2023 | Mar 16, 2023 | Apr 11, 2023 | £2.62 | 0.788% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | £3.93 | 1.20% |
| 5 | Jul 18, 2022 | Jul 28, 2022 | Aug 10, 2022 | £3.00 | 0.81% |
FAQ
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