Terran Orbital Corporation Stock Forecast
Terran Orbital Corporation stock price ended at $1.29 on Thursday, after gaining 0.781%.
(Updated on May 02, 2024)
The Terran Orbital Corporation stock price gained 0.781% on the last trading day (Thursday, 2nd May 2024), rising from $1.28 to $1.29. During the last trading day the stock fluctuated 3.97% from a day low at $1.26 to a day high of $1.31. The price has fallen in 5 of the last 10 days and is down by -4.44% for this period. Volume fell on the last day by -115 thousand shares and in total, 1 million shares were bought and sold for approximately $1.31 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 51.63% during the next 3 months and, with a 90% probability hold a price between $1.96 and $2.58 at the end of this 3-month period.
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LLAP Signals & Forecast
There are few to no technical positive signals at the moment. The Terran Orbital Corporation 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 $1.33 and $1.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -16.23%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Terran Orbital Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.19 and $1.18. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Terran Orbital Corporation finds support just below today's level at $1.19. If this is broken, then the next support from accumulated volume will be at $1.18 and $1.17.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0500 between high and low, or 3.97%. For the last week the stock has had daily average volatility of 5.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LLAP) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Terran Orbital Corporation to open at $1.29, and during the day (based on 14 day Average True Range), to move between $1.19 and $1.39, which gives a possible trading interval of +/-$0.0963 (+/-7.46%) up or down from last closing price. If Terran Orbital Corporation takes out the full calculated possible swing range there will be an estimated 14.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.31 (1.55%) than the support at $1.19 (7.75%), 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 Terran Orbital Corporation stock A Buy?
The Terran Orbital Corporation stock holds several negative signals and despite the positive trend, we believe Terran Orbital Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.024 Sell Candidate Unchanged
Predicted Opening Price for Terran Orbital Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.29 ( 0.258%) | $1.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LLAP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.34 | 3.62 % | |
| R2 | 1.32 | 2.14 % | ||
| R1 | 1.31 | 1.22 % | ||
| Current price: | 1.29 | |||
| Support | S1 | 1.27 | -1.74 % | |
| S2 | 1.26 | -2.65 % | ||
| S3 | 1.24 | -4.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.36 | 5.43 % | |
| R2 | 1.35 | 4.65 % | ||
| R1 | 1.31 | 1.55 % | ||
| Current price | 1.29 | |||
| Support | S1 | 1.19 | -7.75% | |
| S2 | 1.18 | -8.53% | ||
| S3 | 1.17 | -9.30% |
FAQ
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