TATE & LYLE PLC (TATE.L) Stock Technical Analysis
LON:TATE - London Stock Exchange, The - GB00BP92CJ43 - Common Stock - Currency: GBX
We assign a technical rating of 3 out of 10 to TATE. In the past year, TATE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
TATE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 559.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 556.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
546.03
We found 1 important support area.
- A support zone ranging from 551.55 to 556.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 559.01 to 559.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @654.50 from a horizontal line in the daily time frame.
- Resistance @759.00 from a horizontal line in the weekly time frame.
LON:TATE (5/2/2025, 5:35:15 PM)
559
+0.5 (+0.09%)