Tellurian Stock Forecast

High volatility in Tellurian stock price on Friday which ended trading at $0.495
(Updated on Apr 19, 2024)

TELL Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 28.68%. Further rise is indicated until a new top pivot has been found. 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. The Tellurian stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.654. On a fall, the stock will find some support from the short-term average at $0.452. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Tellurian stock

Tellurian finds support from accumulated volume at $0.477 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.105 between high and low, or 26.73%. For the last week, the stock has had daily average volatility of 14.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TELL) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Tellurian Inc. to open at $0.461, and during the day (based on 14 day Average True Range), to move between $0.423 and $0.568, which gives a possible trading interval of +/-$0.0723 (+/-14.59%) up or down from last closing price. If Tellurian Inc. takes out the full calculated possible swing range there will be an estimated 29.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.507 (2.40%) than the support at $0.477 (3.63%), 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 Tellurian Inc. stock A Buy?

Tellurian holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.205 Sell Candidate Unchanged

Predicted Opening Price for Tellurian Inc. of Monday, April 22, 2024

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