TPG Specialty Lending Inc Stock Forecast
TPG Specialty Lending Inc stock price up 0.574% on Friday
(Updated on May 03, 2024)
The TPG Specialty Lending Inc stock price gained 0.574% on the last trading day (Friday, 3rd May 2024), rising from $20.89 to $21.01. During the last trading day the stock fluctuated 2.27% from a day low at $20.72 to a day high of $21.19. The price has risen in 5 of the last 10 days and is up by 0.48% over the past 2 weeks. Volume fell on the last day by -540 thousand shares and in total, 468 thousand shares were bought and sold for approximately $9.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -2.35% during the next 3 months and, with a 90% probability hold a price between $19.76 and $21.25 at the end of this 3-month period.
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TSLX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.574%. 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 TPG Specialty Lending Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.41 and $21.03. A break-up above any of these levels will issue buy signals.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 5.33% to $22.13 within 22 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for TPG Specialty Lending Inc stock
TPG Specialty Lending Inc finds support from accumulated volume at $20.89 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 $0.470 between high and low, or 2.27%. For the last week the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSLX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect TPG Specialty Lending Inc to open at $20.97, and during the day (based on 14 day Average True Range), to move between $20.67 and $21.35, which gives a possible trading interval of +/-$0.343 (+/-1.63%) 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 3.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.03 (0.10%) than the support at $20.89 (0.57%), 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 negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.497 Sell Candidate Unchanged
Predicted Opening Price for TPG Specialty Lending Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $20.97 ( 0.175%) | $21.01 |
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 | 21.44 | 2.06 % | |
| R2 | 21.26 | 1.21 % | ||
| R1 | 21.15 | 0.680 % | ||
| Current price: | 21.01 | |||
| Support | S1 | 20.79 | -1.03 % | |
| S2 | 20.68 | -1.56 % | ||
| S3 | 20.50 | -2.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.43 | 2.00 % | |
| R2 | 21.07 | 0.286 % | ||
| R1 | 21.03 | 0.0952 % | ||
| Current price | 21.01 | |||
| Support | S1 | 20.89 | -0.571% | |
| S2 | 20.88 | -0.619% | ||
| S3 | 20.72 | -1.38% |
TSLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.460 | 2.19% |
| 2 | Feb 15, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.460 | 2.15% |
| 3 | Feb 15, 2024 | Feb 28, 2024 | Mar 20, 2024 | $0.0800 | 0.385% |
| 4 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.460 | 2.13% |
| 5 | Nov 02, 2023 | Nov 29, 2023 | Dec 20, 2023 | $0.0700 | 0.332% |
FAQ
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