Tejon Ranch Co Stock Forecast
Tejon Ranch Co stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The Tejon Ranch Co stock price fell by -0.647% on the last day (Wednesday, 24th Apr 2024) from $17.01 to $16.90. During the last trading day the stock fluctuated 1.31% from a day low at $16.82 to a day high of $17.04. The price has been going up and down for this period, and there has been a 11.7% gain for the last 2 weeks. Volume has increased on the last day by 2 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, 67 thousand shares were bought and sold for approximately $1.13 million.
The stock lies the upper part of a wide and falling 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 $17.00 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.98% during the next 3 months and, with a 90% probability hold a price between $14.07 and $16.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TRC Signals & Forecast
The Tejon Ranch Co 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 $16.04 and $15.69. 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, April 23, 2024, and so far it has fallen -0.647%. Further fall is indicated until a new bottom pivot has been found. Tejon Ranch Co gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Tejon Ranch Co stock
Tejon Ranch Co finds support from accumulated volume at $16.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.220 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: $16.44 (-2.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TRC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Tejon Ranch Co to open at $16.92, and during the day (based on 14 day Average True Range), to move between $16.50 and $17.30, which gives a possible trading interval of +/-$0.402 (+/-2.38%) up or down from last closing price. If Tejon Ranch Co takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.00 (0.59%) than the support at $16.28 (3.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Tejon Ranch Co will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0800. We will update the financials statements for Tejon Ranch Co, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.12% in the first trading day after earnings release.
Is Tejon Ranch Co stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.232 Buy Candidate Upgraded
Predicted Opening Price for Tejon Ranch Co of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $16.92 ( 0.118%) | $16.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.14 | 1.42 % | |
| R2 | 17.06 | 0.92 % | ||
| R1 | 17.00 | 0.616 % | ||
| Current price: | 16.90 | |||
| Support | S1 | 16.84 | -0.379 % | |
| S2 | 16.78 | -0.686 % | ||
| S3 | 16.70 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 17.01 | 0.651 % | ||
| R1 | 17.00 | 0.592 % | ||
| Current price | 16.90 | |||
| Support | S1 | 16.28 | -3.67% | |
| S2 | 15.69 | -7.16% | ||
| S3 | 15.63 | -7.51% |
TRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 1999 | Nov 17, 1999 | Dec 10, 1999 | $0.0235 | 0.107% |
| 2 | Mar 16, 1999 | May 12, 1999 | Jun 18, 1999 | $0.0235 | 0.101% |
| 3 | Aug 26, 1998 | Nov 18, 1998 | Dec 04, 1998 | $0.0235 | 0.121% |
| 4 | Mar 26, 1998 | May 13, 1998 | Jun 19, 1998 | $0.0235 | 0.0990% |
| 5 | Aug 28, 1997 | Nov 19, 1997 | Dec 05, 1997 | $0.0235 | 0.0858% |
FAQ
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