Triple Flag Precious Metals Corp. Stock Forecast
Stronger technical forecast for Triple Flag Precious Metals Corp. stock price after Thursday trading.
(Updated on May 09, 2024)
The Triple Flag Precious Metals Corp. stock price gained 3.69% on the last trading day (Thursday, 9th May 2024), rising from $16.00 to $16.59. During the last trading day the stock fluctuated 3.84% from a day low at $16.01 to a day high of $16.63. The price has risen in 6 of the last 10 days and is up by 2.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 178 thousand more shares were traded than the day before. In total, 416 thousand shares were bought and sold for approximately $6.90 million.
The stock lies in the middle of a 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 40.15% during the next 3 months and, with a 90% probability hold a price between $22.54 and $24.16 at the end of this 3-month period.
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TFPM Signals & Forecast
The Triple Flag Precious Metals Corp. 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 $16.32 and $15.49. 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 Monday, April 29, 2024, and so far it has fallen 0%. 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 Triple Flag Precious Metals Corp. stock
Triple Flag Precious Metals Corp. finds support from accumulated volume at $16.32 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 $0.615 (3.84%) between high and low. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: $15.97 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (TFPM) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Triple Flag Precious Metals Corp. to open at $16.41, and during the day (based on 14 day Average True Range), to move between $16.10 and $17.08, which gives a possible trading interval of +/-$0.489 (+/-2.94%) up or down from last closing price. If Triple Flag Precious Metals Corp. takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.32, some $0.270 (1.63%) from the current price of $16.59, our system finds the risk reward attractive.
Is Triple Flag Precious Metals Corp. stock A Buy?
Triple Flag Precious Metals Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.311 Strong Buy Candidate Upgraded
Predicted Opening Price for Triple Flag Precious Metals Corp. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $16.41 ( 1.10%) | $16.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFPM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.02 | 2.61 % | |
| R2 | 16.79 | 1.20 % | ||
| R1 | 16.64 | 0.321 % | ||
| Current price: | 16.59 | |||
| Support | S1 | 16.17 | -2.51 % | |
| S2 | 16.03 | -3.39 % | ||
| S3 | 15.79 | -4.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 16.59 | |||
| Support | S1 | 16.32 | -1.63% | |
| S2 | 16.11 | -2.89% | ||
| S3 | 13.44 | -18.99% |
TFPM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.0525 | 0.391% |
| 2 | Nov 07, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.0525 | 0.391% |
| 3 | Aug 08, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.0530 | 0.402% |
| 4 | May 09, 2023 | May 30, 2023 | Jun 15, 2023 | $0.0500 | 0.363% |
| 5 | Feb 21, 2023 | Mar 02, 2023 | Mar 15, 2023 | $0.0500 | 0.400% |
FAQ
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