Telephone And Data Systems, Inc. Stock Forecast

Green day on Tuesday for Telephone And Data Systems, Inc.
(Updated on Jun 18, 2024)

TDS-PV Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.38%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Telephone And Data Systems, 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 $17.95 and $17.89. A break-up above any of these levels will issue buy signals. 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 Telephone And Data Systems, Inc. stock

Telephone And Data Systems, Inc. finds support from accumulated volume at $17.01 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.287 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 3.16%

Our recommended stop-loss: $16.36 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (TDS-PV) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Telephone And Data Systems, Inc. to open at $17.24, and during the day (based on 14 day Average True Range), to move between $16.65 and $17.84, which gives a possible trading interval of +/-$0.599 (+/-3.47%) up or down from last closing price. If Telephone And Data Systems, Inc. takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.01 (1.36%) than the resistance at $17.59 (2.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Telephone And Data Systems, Inc. stock A Buy?

Telephone And Data Systems, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 Telephone And Data Systems, Inc. of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.