Townsquare Media Inc Stock Forecast
Townsquare Media Inc stock price up 0.173% on Friday
(Updated on May 17, 2024)
The Townsquare Media Inc stock price gained 0.173% on the last trading day (Friday, 17th May 2024), rising from $11.53 to $11.55. During the last trading day the stock fluctuated 2.30% from a day low at $11.31 to a day high of $11.57. The price has fallen in 6 of the last 10 days and is down by -7.53% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately $517.88 thousand.
Given the current short-term trend, the stock is expected to rise 17.67% during the next 3 months and, with a 90% probability hold a price between $13.59 and $16.59 at the end of this 3-month period.
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TSQ Signals & Forecast
Townsquare Media Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Townsquare Media Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.74 and $12.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -11.90%. 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 Townsquare Media Inc stock
Townsquare Media Inc finds support from accumulated volume at $10.98 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 $0.260 between high and low, or 2.30%. For the last week, the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSQ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Townsquare Media Inc to open at $11.48, and during the day (based on 14 day Average True Range), to move between $11.16 and $11.94, which gives a possible trading interval of +/-$0.392 (+/-3.40%) up or down from last closing price. If Townsquare Media Inc takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.68 (1.13%) than the support at $10.98 (4.94%), 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 Townsquare Media Inc stock A Buy?
The Townsquare Media Inc stock holds several negative signals and despite the positive trend, we believe Townsquare Media Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.378 Sell Candidate Unchanged
Predicted Opening Price for Townsquare Media Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $11.48 ( 0.635%) | $11.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.74 | 1.62 % | |
| R2 | 11.64 | 0.756 % | ||
| R1 | 11.58 | 0.225 % | ||
| Current price: | 11.55 | |||
| Support | S1 | 11.38 | -1.49 % | |
| S2 | 11.32 | -2.03 % | ||
| S3 | 11.22 | -2.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.11 | 13.51 % | |
| R2 | 12.03 | 4.16 % | ||
| R1 | 11.68 | 1.13 % | ||
| Current price | 11.55 | |||
| Support | S1 | 10.98 | -4.94% | |
| S2 | 10.94 | -5.28% | ||
| S3 | 10.57 | -8.48% |
TSQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | Jul 15, 2024 | Aug 01, 2024 | $0.198 | 1.71% |
| 2 | Mar 15, 2024 | Apr 04, 2024 | May 01, 2024 | $0.198 | 1.65% |
| 3 | Nov 09, 2023 | Dec 29, 2023 | Feb 01, 2024 | $0.188 | 1.70% |
| 4 | Aug 09, 2023 | Sep 29, 2023 | Nov 01, 2023 | $0.188 | 2.22% |
| 5 | May 10, 2023 | Jun 29, 2023 | Aug 01, 2023 | $0.188 | 1.62% |
FAQ
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