Container Store (The) Stock Forecast
Volatile ride for Container Store (The) stock price on Thursday moving between $0.85 and $0.94
(Updated on May 02, 2024)
The Container Store (The) stock price gained 6.85% on the last trading day (Thursday, 2nd May 2024), rising from $0.85 to $0.91. During the last trading day the stock fluctuated 10.47% from a day low at $0.85 to a day high of $0.94. The price has been going up and down for this period, and there has been a -1.57% loss 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, 29 thousand more shares were traded than the day before. In total, 142 thousand shares were bought and sold for approximately $128.94 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.99 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -35.18% during the next 3 months and, with a 90% probability hold a price between $0.330 and $0.643 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TCS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 8.08%. Further rise is indicated until a new top pivot has been found. Container Store (The) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Container Store (The) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.00. On a fall, the stock will find some support from the short-term average at $0.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Container Store (The) stock
Container Store (The) finds support from accumulated volume at $0.88 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 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 $0.0890 between high and low, or 10.47%. For the last week, the stock has had daily average volatility of 7.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Container Store (The) to open at $0.90, and during the day (based on 14 day Average True Range), to move between $0.84 and $0.98, which gives a possible trading interval of +/-$0.0728 (+/-8.00%) up or down from last closing price. If Container Store (The) takes out the full calculated possible swing range there will be an estimated 16.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.88 (3.30%) than the resistance at $1.03 (13.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Container Store (The) stock A Buy?
Container Store (The) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.528 Sell Candidate Unchanged
Predicted Opening Price for Container Store (The) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.90 ( 1.14%) | $0.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.99 | 8.64 % | |
| R2 | 0.95 | 4.91 % | ||
| R1 | 0.93 | 2.60 % | ||
| Current price: | 0.91 | |||
| Support | S1 | 0.87 | -4.87 % | |
| S2 | 0.84 | -7.18 % | ||
| S3 | 0.81 | -10.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.08 | 18.68 % | |
| R2 | 1.05 | 15.38 % | ||
| R1 | 1.03 | 13.19 % | ||
| Current price | 0.91 | |||
| Support | S1 | 0.88 | -3.30% | |
| S2 | 0.86 | -5.05% | ||
| S3 | 0.84 | -7.47% |
TCS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2020 | Mar 26, 2020 | Mar 26, 2020 | $0.210 | 6.29% |
FAQ
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