TPG Inc. Stock Forecast
Stronger technical forecast for TPG Inc. stock price after Friday trading.
(Updated on May 03, 2024)
The TPG Inc. stock price gained 1.24% on the last trading day (Friday, 3rd May 2024), rising from $43.63 to $44.17. During the last trading day the stock fluctuated 2.35% from a day low at $43.62 to a day high of $44.64. The price has been going up and down for this period, and there has been a 3.98% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 209 thousand more shares were traded than the day before. In total, 679 thousand shares were bought and sold for approximately $29.98 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TPG Inc. stock with a 90% probability to be traded between $42.49 and $46.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TPG Signals & Forecast
Mostly positive signals in the chart today. The TPG 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 $43.69 and $44.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.03%. 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.
Support, Risk & Stop-loss for TPG Inc. stock
TPG Inc. finds support from accumulated volume at $44.13 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 $1.03 (2.35%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: $41.87 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (TPG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect TPG Inc. to open at $44.14, and during the day (based on 14 day Average True Range), to move between $42.99 and $45.35, which gives a possible trading interval of +/-$1.18 (+/-2.67%) up or down from last closing price. If TPG Inc. takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.19 (0.05%) than the support at $44.13 (0.09%), 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.
Earnings coming up
TPG Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for TPG Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.39% in the first trading day after earnings release.
Is TPG Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TPG Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.168 Buy Candidate Upgraded
Predicted Opening Price for TPG Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $44.14 ( 0.0641%) | $44.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.17 | 2.26 % | |
| R2 | 44.78 | 1.37 % | ||
| R1 | 44.53 | 0.82 % | ||
| Current price: | 44.17 | |||
| Support | S1 | 43.75 | -0.95 % | |
| S2 | 43.51 | -1.50 % | ||
| S3 | 43.12 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.40 | 2.78 % | |
| R2 | 45.38 | 2.74 % | ||
| R1 | 44.19 | 0.0453 % | ||
| Current price | 44.17 | |||
| Support | S1 | 44.13 | -0.0906% | |
| S2 | 43.88 | -0.657% | ||
| S3 | 43.63 | -1.22% |
TPG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.440 | 0.97% |
| 2 | Nov 07, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.480 | 1.35% |
| 3 | Aug 08, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.220 | 0.784% |
| 4 | May 15, 2023 | May 24, 2023 | Jun 05, 2023 | $0.200 | 0.734% |
| 5 | May 19, 2023 | Feb 24, 2023 | Mar 10, 2023 | $0.500 | 1.73% |
FAQ
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