Tyman plc Stock Forecast
Red day on Thursday for Tyman plc
(Updated on Apr 18, 2024)
The Tyman plc stock price fell by -1.35% on the last day (Thursday, 18th Apr 2024) from £297.00 to £293.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.21% from a day low at £293.00 to a day high of £299.49. The price has fallen in 7 of the last 10 days and is down by -1.35% for this period. Volume has increased on the last day by 158 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 241 thousand shares were bought and sold for approximately £70.53 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tyman plc stock with a 90% probability to be traded between £280.29 and £306.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TYMN.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 Tyman 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 £301.86 and £294.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -5.18%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Tyman plc stock
Tyman plc finds support from accumulated volume at £289.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £6.49 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TYMN.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Tyman plc to open at £295.16, and during the day (based on 14 day Average True Range), to move between £285.68 and £300.32, which gives a possible trading interval of +/-£7.32 (+/-2.50%) up or down from last closing price. If Tyman plc takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £289.50 (1.19%) than the resistance at £297.00 (1.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tyman plc stock A Buy?
Tyman plc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.286 Sell Candidate Unchanged
Predicted Opening Price for Tyman plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £295.16 ( 0.738%) | £293.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TYMN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 301.65 | 2.95 % | |
| R2 | 299.17 | 2.11 % | ||
| R1 | 297.64 | 1.58 % | ||
| Current price: | 293.00 | |||
| Support | S1 | 292.68 | -0.108 % | |
| S2 | 291.15 | -0.630 % | ||
| S3 | 288.67 | -1.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 304.50 | 3.92 % | |
| R2 | 300.00 | 2.39 % | ||
| R1 | 297.00 | 1.37 % | ||
| Current price | 293.00 | |||
| Support | S1 | 289.50 | -1.19% | |
| S2 | 288.50 | -1.54% | ||
| S3 | 285.00 | -2.73% |
TYMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 29, 2024 | £9.50 | 3.24% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £4.20 | 1.38% |
| 3 | Mar 02, 2023 | Apr 27, 2023 | May 26, 2023 | £9.50 | 3.50% |
| 4 | Jul 26, 2022 | Aug 04, 2022 | Sep 09, 2022 | £4.20 | 1.92% |
| 5 | Mar 03, 2022 | Apr 28, 2022 | May 27, 2022 | £8.90 | 3.01% |
FAQ
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