TPG Specialty Lending Inc Stock Forecast
Green day on Wednesday for TPG Specialty Lending Inc stock after gaining 1.09%
(Updated on Mar 27, 2024)
The TPG Specialty Lending Inc stock price gained 1.09% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.01 to $21.24. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.92% from a day low at $21.10 to a day high of $21.30. The price has risen in 7 of the last 10 days but is still down by -0.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 377 thousand shares were bought and sold for approximately $8.01 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.33% during the next 3 months and, with a 90% probability hold a price between $19.50 and $20.69 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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TSLX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 3.46%. 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 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. The TPG Specialty Lending Inc 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 $21.28. On a fall, the stock will find some support from the short-term average at $20.92. 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 TPG Specialty Lending Inc stock
TPG Specialty Lending Inc finds support from accumulated volume at $21.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.195 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 0.90%.
Our recommended stop-loss: $20.15 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (TSLX) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect TPG Specialty Lending Inc to open at $21.21, and during the day (based on 14 day Average True Range), to move between $20.95 and $21.53, which gives a possible trading interval of +/-$0.287 (+/-1.35%) up or down from last closing price. If TPG Specialty Lending Inc takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.31 (0.33%) than the support at $21.07 (0.80%), 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 TPG Specialty Lending Inc stock A Buy?
TPG Specialty Lending 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: -0.158 Hold/Accumulate Unchanged
Predicted Opening Price for TPG Specialty Lending Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$21.21 ( 0.133%) | $21.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSLX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.41 | 0.785 % | |
R2 | 21.33 | 0.434 % | ||
R1 | 21.29 | 0.217 % | ||
Current price: | 21.24 | |||
Support | S1 | 21.14 | -0.484 % | |
S2 | 21.09 | -0.701 % | ||
S3 | 21.02 | -1.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.73 | 2.31 % | |
R2 | 21.42 | 0.85 % | ||
R1 | 21.31 | 0.330 % | ||
Current price | 21.24 | |||
Support | S1 | 21.07 | -0.80% | |
S2 | 21.03 | -0.99% | ||
S3 | 20.94 | -1.41% |
TSLX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.460 | 2.16% |
2 | Feb 15, 2024 | Feb 28, 2024 | Mar 20, 2024 | $0.0800 | 0.385% |
3 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.460 | 2.13% |
4 | Nov 02, 2023 | Nov 29, 2023 | Dec 20, 2023 | $0.0700 | 0.332% |
5 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.460 | 2.25% |
FAQ
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