Toople Plc Stock Forecast

Toople Plc stock price ended at £0.0007 on Tuesday, after losing 0%.
(Updated on Sep 01, 2020)

TOOP.L Signals & Forecast

The Toople 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 £0.0006 and £0.0006. A breakdown below any of these levels will issue sell signals. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Toople Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0006. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.

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 (TOOP.L) For The Upcoming Trading Day Of Wednesday 2nd

With no resistance above and support from accumulated volume @ £0.0006, some £0.0001 (14.29%) from the current price of £0.0007, our system finds the risk reward attractive.

Is Toople Plc stock A Buy?

Toople 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 Toople Plc of Wednesday, September 2, 2020

The predicted opening price is based on yesterday's movements between high, low, and closing price.