Tetra Technologies Inc Stock Forecast
Green day on Thursday for Tetra Technologies Inc stock after gaining 0.449%
(Updated on Apr 25, 2024)
The Tetra Technologies Inc stock price gained 0.449% on the last trading day (Thursday, 25th Apr 2024), rising from $4.45 to $4.47. During the last trading day the stock fluctuated 3.69% from a day low at $4.34 to a day high of $4.50. The price has fallen in 5 of the last 10 days and is down by -7.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 163 thousand more shares were traded than the day before. In total, 998 thousand shares were bought and sold for approximately $4.46 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.03% during the next 3 months and, with a 90% probability hold a price between $4.96 and $5.90 at the end of this 3-month period.
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TTI Signals & Forecast
The Tetra Technologies Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.42 and $4.46. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 05, 2024, and so far it has fallen -9.33%. 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).
Support, Risk & Stop-loss for Tetra Technologies Inc stock
Tetra Technologies Inc finds support from accumulated volume at $4.43 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 $0.160 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 3.31%.
Tetra Technologies Inc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $4.22 (-5.70%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (TTI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Tetra Technologies Inc to open at $4.44, and during the day (based on 14 day Average True Range), to move between $4.29 and $4.65, which gives a possible trading interval of +/-$0.176 (+/-3.93%) up or down from last closing price. If Tetra Technologies Inc takes out the full calculated possible swing range there will be an estimated 7.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.48 (0.22%) than the support at $4.43 (0.89%), 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 Technologies Inc stock A Buy?
Tetra Technologies Inc 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: 0.929 Hold/Accumulate Unchanged
Predicted Opening Price for Tetra Technologies Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $4.44 ( 0.746%) | $4.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.60 | 2.83 % | |
| R2 | 4.54 | 1.47 % | ||
| R1 | 4.50 | 0.622 % | ||
| Current price: | 4.47 | |||
| Support | S1 | 4.38 | -2.11 % | |
| S2 | 4.34 | -2.96 % | ||
| S3 | 4.28 | -4.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.93 | 10.29 % | |
| R2 | 4.92 | 10.07 % | ||
| R1 | 4.48 | 0.224 % | ||
| Current price | 4.47 | |||
| Support | S1 | 4.43 | -0.89% | |
| S2 | 4.08 | -8.72% | ||
| S3 | 3.94 | -11.86% |
TTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2017 | May 16, 2017 | May 16, 2017 | $0.100 | 2.97% |
| 2 | Nov 29, 2016 | Nov 29, 2016 | Nov 29, 2016 | $0.0900 | 1.84% |
FAQ
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