THL Credit Inc. 6.750% Sr Nt 11/15/2021 Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in THL Credit Inc. 6.750% Sr Nt 11/15/2021 stock price on Tuesday moving 12.98% between high and low
(Updated on Jun 25, 2024)
The THL Credit Inc. 6.750% Sr Nt 11/15/2021 stock price fell by -7.47% on the last day (Tuesday, 25th Jun 2024) from $6.69 to $6.19. During the last trading day the stock fluctuated 12.98% from a day low at $6.01 to a day high of $6.79. The price has fallen in 6 of the last 10 days and is down by -28.93% for this period. Volume has increased on the last day by 289 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, 515 thousand shares were bought and sold for approximately $3.19 million.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $7.31. A reaction back to this level may hold a second chance to get out before further falls.
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TCRX Signals & Forecast
There are few to no technical positive signals at the moment. The THL Credit Inc. 6.750% Sr Nt 11/15/2021 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 $7.06 and $8.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -34.91%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for THL Credit Inc. 6.750% Sr Nt 11/15/2021 stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.780 between high and low, or 12.98%. For the last week, the stock has had daily average volatility of 11.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCRX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect THL Credit Inc. 6.750% Sr Nt 11/15/2021 to open at $6.33, and during the day (based on 14 day Average True Range), to move between $5.52 and $6.86, which gives a possible trading interval of +/-$0.668 (+/-10.79%) up or down from last closing price. If THL Credit Inc. 6.750% Sr Nt 11/15/2021 takes out the full calculated possible swing range there will be an estimated 21.57% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $6.75, some $0.560 (9.05%) from the current price of $6.19, our system finds the risk reward not very attractive.
Is THL Credit Inc. 6.750% Sr Nt 11/15/2021 stock A Buy?
The THL Credit Inc. 6.750% Sr Nt 11/15/2021 stock holds several negative signals and despite the positive trend, we believe THL Credit Inc. 6.750% Sr Nt 11/15/2021 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.063 Strong Sell Candidate Downgraded
Predicted Opening Price for THL Credit Inc. 6.750% Sr Nt 11/15/2021 of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $6.33 ( 2.26%) | $6.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCRX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.11 | 14.86% |
| R2 | 6.81 | 10.05% |
| R1 | 6.63 | 7.08% |
| Price | 6.19 | |
| S1 | 6.03 | -2.55% |
| S2 | 5.85 | -5.53% |
| S3 | 5.55 | -10.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.23 | 16.80% |
| R2 | 6.94 | 12.12% |
| R1 | 6.75 | 9.05% |
| Price | 6.19 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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