Telephone And Data Systems, Inc. Stock Forecast
Red day on Thursday for Telephone And Data Systems, Inc. stock after losing 1.18%
(Updated on Jun 20, 2024)
The Telephone And Data Systems, Inc. stock price fell by -1.18% on the last day (Thursday, 20th Jun 2024) from $17.24 to $17.04. During the last trading day the stock fluctuated 2.01% from a day low at $16.91 to a day high of $17.25. The price has been going up and down for this period, and there has been a -6.89% loss for the last 2 weeks. Volume has increased on the last day by 18 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, 53 thousand shares were bought and sold for approximately $911.52 thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $17.04 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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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 0.176%. Further rise is indicated until a new top pivot has been found. 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. 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 $17.74 and $17.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Telephone And Data Systems, 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".
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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.340 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: $16.16 (-5.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TDS-PV) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Telephone And Data Systems, Inc. to open at $17.07, and during the day (based on 14 day Average True Range), to move between $16.46 and $17.62, which gives a possible trading interval of +/-$0.580 (+/-3.41%) 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 6.81% 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 (0.18%) than the resistance at $17.59 (3.23%), 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 Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$17.07 ( 0.156%) | $17.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDS-PV
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.41 | 2.15% |
R2 | 17.28 | 1.39% |
R1 | 17.20 | 0.92% |
Price | 17.04 | |
S1 | 16.94 | -0.606% |
S2 | 16.86 | -1.08% |
S3 | 16.73 | -1.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 18.50 | 8.57% |
R2 | 17.84 | 4.69% |
R1 | 17.59 | 3.23% |
Price | 17.04 | |
S1 | 17.01 | -0.176% |
S2 | 16.88 | -0.94% |
S3 | 16.09 | -5.58% |
TDS-PV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.375 | 2.20% |
2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.375 | 2.32% |
3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.375 | 2.41% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | $0.375 | 2.69% |
5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | $0.375 | 2.96% |
FAQ
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