Tellurian Stock Forecast

Big movements in Tellurian stock price on Thursday moving 14.18% between high and low
(Updated on May 02, 2024)

TELL Signals & Forecast

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 Tellurian 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 $0.446 and $0.547. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -56.75%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Tellurian stock

Tellurian finds support from accumulated volume at $0.409 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 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 $0.0582 between high and low, or 14.18%. For the last week, the stock has had daily average volatility of 12.64%.

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 Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Tellurian Inc. to open at $0.434, and during the day (based on 14 day Average True Range), to move between $0.360 and $0.488, which gives a possible trading interval of +/-$0.0641 (+/-15.13%) up or down from last closing price. If Tellurian Inc. takes out the full calculated possible swing range there will be an estimated 30.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.409 (3.38%) than the resistance at $0.441 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tellurian Inc. stock A Buy?

Tellurian holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.879 Strong Sell Candidate Unchanged

Predicted Opening Price for Tellurian Inc. of Friday, May 3, 2024

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