Tellurian Stock Forecast
Big movements in Tellurian stock price on Thursday moving 16.68% between high and low
(Updated on Mar 28, 2024)
The Tellurian stock price gained 11.40% on the last trading day (Thursday, 28th Mar 2024), rising from $0.594 to $0.661. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 16.68% from a day low at $0.600 to a day high of $0.700. The price has been going up and down for this period, and there has been a -28.01% 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, 22 million more shares were traded than the day before. In total, 47 million shares were bought and sold for approximately $31.15 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.05% during the next 3 months and, with a 90% probability hold a price between $0.526 and $1.18 at the end of this 3-month period.
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TELL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 30.38%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tellurian 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 $0.747. On a fall, the stock will find some support from the short-term average at $0.595. 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 Tellurian stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.623 and $0.554. 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, Tellurian finds support just below today's level at $0.623. If this is broken, then the next support from accumulated volume will be at $0.554 and $0.550.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.100 between high and low, or 16.68%. For the last week, the stock has had daily average volatility of 15.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TELL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tellurian Inc. to open at $0.654, and during the day (based on 14 day Average True Range), to move between $0.557 and $0.766, which gives a possible trading interval of +/-$0.105 (+/-15.84%) up or down from last closing price. If Tellurian Inc. takes out the full calculated possible swing range there will be an estimated 31.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.623 (5.81%) than the resistance at $0.705 (6.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tellurian Inc. stock A Buy?
Tellurian 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: -1.446 Sell Candidate Unchanged
Predicted Opening Price for Tellurian Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.654 ( 1.14%) | $0.661 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TELL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.754 | 13.99 % | |
R2 | 0.716 | 8.21 % | ||
R1 | 0.692 | 4.64 % | ||
Current price: | 0.661 | |||
Support | S1 | 0.616 | -6.93 % | |
S2 | 0.592 | -10.50 % | ||
S3 | 0.554 | -16.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.756 | 14.24 % | |
R2 | 0.733 | 10.87 % | ||
R1 | 0.705 | 6.61 % | ||
Current price | 0.661 | |||
Support | S1 | 0.623 | -5.81% | |
S2 | 0.554 | -16.30% | ||
S3 | 0.550 | -16.84% |
FAQ
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