Tellurian Inc. Stock Forecast
Weaker technical forecast for Tellurian Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Tellurian Inc. stock price fell by -4.64% on the last day (Friday, 28th Jun 2024) from $0.778 to $0.742. During the last trading day the stock fluctuated 9.78% from a day low at $0.735 to a day high of $0.81. The price has risen in 5 of the last 10 days and is up by 8.98% over the past 2 weeks. Volume has increased on the last day by 78 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 78 thousand shares were bought and sold for approximately $58.03 thousand.
The stock lies in the middle of a very wide and 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 38.95% during the next 3 months and, with a 90% probability hold a price between $0.87 and $1.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0LE3.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -4.64%. 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). Tellurian Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Tellurian Inc. 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 $0.711 and $0.609. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Tellurian Inc. stock
Tellurian Inc. finds support from accumulated volume at $0.718 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0719 between high and low, or 9.78%. For the last week, the stock has had daily average volatility of 9.58%.
Our recommended stop-loss: $0.706 (-4.83%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (0LE3.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tellurian Inc. to open at $0.761, and during the day (based on 14 day Average True Range), to move between $0.666 and $0.82, which gives a possible trading interval of +/-$0.0755 (+/-10.18%) up or down from last closing price. If Tellurian Inc. takes out the full calculated possible swing range there will be an estimated 20.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.718 (3.24%) than the resistance at $0.778 (4.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tellurian Inc. stock A Buy?
Tellurian 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tellurian Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.761 ( 2.66%) | $0.742 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0LE3.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.83 | 12.35% |
R2 | 0.81 | 8.65% |
R1 | 0.789 | 6.36% |
Price | 0.742 | |
S1 | 0.734 | -1.05% |
S2 | 0.717 | -3.34% |
S3 | 0.689 | -7.04% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.89 | 19.68% |
R2 | 0.83 | 12.27% |
R1 | 0.778 | 4.87% |
Price | 0.742 | |
S1 | 0.718 | -3.24% |
S2 | 0.710 | -4.25% |
S3 | 0.573 | -22.76% |
0LE3 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 7.80% |
FAQ
Click here for our free guide on how to buy Tellurian Inc. Stock.