Tetra Tech Stock Forecast
Green day on Thursday for Tetra Tech stock after gaining 0.182%
(Updated on Apr 18, 2024)
The Tetra Tech stock price gained 0.182% on the last trading day (Thursday, 18th Apr 2024), rising from $186.49 to $186.83. During the last trading day the stock fluctuated 1.61% from a day low at $185.93 to a day high of $188.93. The price has been going up and down for this period, and there has been a -1.78% loss for the last 2 weeks. Volume fell on the last day by -63 thousand shares and in total, 164 thousand shares were bought and sold for approximately $30.58 million. 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 lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $184.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.78% during the next 3 months and, with a 90% probability hold a price between $216.94 and $233.06 at the end of this 3-month period.
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TTEK Signals & Forecast
The Tetra Tech stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $190.52. On a fall, the stock will find some support from the long-term average at approximately $185.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 09, 2024, and so far it has fallen -3.95%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Tetra Tech stock
Tetra Tech finds support from accumulated volume at $178.73 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 $3.00 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: $178.56 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (TTEK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Tetra Tech to open at $187.23, and during the day (based on 14 day Average True Range), to move between $183.30 and $190.36, which gives a possible trading interval of +/-$3.53 (+/-1.89%) up or down from last closing price. If Tetra Tech takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $188.91 (1.11%) than the support at $178.73 (4.34%), 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.
Is Tetra Tech stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tetra Tech stock to perform well in the short-term.
Current score: 2.526 Buy Candidate Unchanged
Predicted Opening Price for Tetra Tech of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $187.23 ( 0.214%) | $186.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTEK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 190.23 | 1.82 % | |
| R2 | 189.09 | 1.21 % | ||
| R1 | 188.38 | 0.83 % | ||
| Current price: | 186.83 | |||
| Support | S1 | 186.08 | -0.399 % | |
| S2 | 185.38 | -0.779 % | ||
| S3 | 184.23 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 190.75 | 2.10 % | |
| R2 | 190.21 | 1.81 % | ||
| R1 | 188.91 | 1.11 % | ||
| Current price | 186.83 | |||
| Support | S1 | 178.73 | -4.34% | |
| S2 | 170.22 | -8.89% | ||
| S3 | 164.27 | -12.08% |
TTEK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2024 | Feb 13, 2024 | Feb 27, 2024 | $0.260 | 0.148% |
| 2 | Nov 13, 2023 | Nov 29, 2023 | Dec 13, 2023 | $0.260 | 0.155% |
| 3 | Aug 09, 2023 | Aug 23, 2023 | Sep 06, 2023 | $0.260 | 0.164% |
| 4 | Aug 07, 2023 | Aug 22, 2023 | Sep 06, 2023 | $0.260 | 0.164% |
| 5 | May 08, 2023 | May 23, 2023 | Jun 06, 2023 | $0.260 | 0.167% |
FAQ
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