Tertiary Minerals plc Stock Forecast
Green day on Tuesday for Tertiary Minerals plc
(Updated on Sep 01, 2020)
The Tertiary Minerals plc stock price gained 3.85% on the last trading day (Tuesday, 1st Sep 2020), rising from £0.0026 to £0.0027. During the last trading day the stock fluctuated 0% from a day low at £0.0027 to a day high of £0.0027. The price has been going up and down for this period, and there has been a 12.5% gain for the last 2 weeks. Volume fell on the last day by -18 million shares and in total, 11 million shares were bought and sold for approximately £30.69 thousand. 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 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 7.69% during the next 3 months and, with a 90% probability hold a price between £0.0026 and £0.0030 at the end of this 3-month period.
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TYM.L Signals & Forecast
The Tertiary Minerals 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 £0.0026 and £0.0025. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tertiary Minerals plc stock
Tertiary Minerals plc finds support from accumulated volume at £0.0026 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 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 0%
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (TYM.L) For The Upcoming Trading Day Of Wednesday 2nd
With no resistance above and support from accumulated volume @ £0.0026, some £0.0001 (3.70%) from the current price of £0.0027, our system finds the risk reward attractive.
Is Tertiary Minerals plc stock A Buy?
Tertiary Minerals plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tertiary Minerals plc of Wednesday, September 2, 2020
| Fair opening price September 2, 2020 | Current price |
|---|---|
| £0.0027 ( 0.00000000%) | £0.0027 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TYM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0027 | 0.00000000 % | |
| R2 | 0.0027 | 0.00000000 % | ||
| R1 | 0.0027 | 0.00000000 % | ||
| Current price: | 0.0027 | |||
| Support | S1 | 0.0027 | 0.00000000 % | |
| S2 | 0.0027 | 0.00000000 % | ||
| S3 | 0.0027 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0027 | |||
| Support | S1 | 0.0026 | -3.70% | |
| S2 | 0.0023 | -14.81% | ||
| S3 | 0 | . |
FAQ
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