TT electronics plc Stock Forecast
TT electronics plc stock price up 1.88% on Wednesday
(Updated on Apr 17, 2024)
The TT electronics plc stock price gained 1.88% on the last trading day (Wednesday, 17th Apr 2024), rising from £160.00 to £163.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.83% from a day low at £159.00 to a day high of £163.50. The price has risen in 7 of the last 10 days and is up by 2.52% over the past 2 weeks. Volume fell on the last day by -370 thousand shares and in total, 308 thousand shares were bought and sold for approximately £50.16 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may 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 £163.85 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.68% during the next 3 months and, with a 90% probability hold a price between £149.70 and £174.79 at the end of this 3-month period.
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TTG.L Signals & Forecast
The TT electronics plc 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 £157.43 and £152.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 20.56%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TT electronics plc stock
TT electronics plc finds support from accumulated volume at £156.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £4.50 between high and low, or 2.83%. For the last week the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: £157.49 (-3.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (TTG.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect TT electronics plc to open at £161.83, and during the day (based on 14 day Average True Range), to move between £156.86 and £169.14, which gives a possible trading interval of +/-£6.14 (+/-3.77%) up or down from last closing price. If TT electronics plc takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £156.00, some £7.00 (4.29%) from the current price of £163.00, our system finds the risk reward attractive.
Is TT electronics plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TT electronics plc stock to perform well in the short-term.
Current score: 4.069 Buy Candidate Unchanged
Predicted Opening Price for TT electronics plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £161.83 ( 0.716%) | £163.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 166.33 | 2.04 % | |
| R2 | 164.61 | 0.99 % | ||
| R1 | 163.55 | 0.339 % | ||
| Current price: | 163.00 | |||
| Support | S1 | 160.11 | -1.77 % | |
| S2 | 159.05 | -2.42 % | ||
| S3 | 157.33 | -3.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 163.00 | |||
| Support | S1 | 156.00 | -4.29% | |
| S2 | 155.00 | -4.91% | ||
| S3 | 141.80 | -13.01% |
TTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 15, 2024 | £4.65 | 2.85% |
| 2 | Mar 08, 2023 | Apr 27, 2023 | May 26, 2023 | £4.30 | 2.68% |
| 3 | Aug 04, 2022 | Sep 22, 2022 | Oct 13, 2022 | £2.00 | 1.39% |
| 4 | Mar 09, 2022 | Apr 28, 2022 | May 20, 2022 | £3.80 | 2.08% |
| 5 | Aug 05, 2021 | Sep 23, 2021 | Oct 14, 2021 | £1.80 | 0.700% |
FAQ
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