Triple Flag Precious Metals Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Triple Flag Precious Metals Corp. as stock downgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Triple Flag Precious Metals Corp. stock price gained 3.65% on the last trading day (Friday, 17th May 2024), rising from $16.72 to $17.33. During the last trading day the stock fluctuated 3.61% from a day low at $16.85 to a day high of $17.46. The price has been going up and down for this period, and there has been a 6.19% gain 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, 98 thousand more shares were traded than the day before. In total, 235 thousand shares were bought and sold for approximately $4.07 million.
The stock lies in the middle of a 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 37.34% during the next 3 months and, with a 90% probability hold a price between $22.78 and $24.96 at the end of this 3-month period.
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TFPM Signals & Forecast
The Triple Flag Precious Metals Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.69 and $15.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 15.00%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Triple Flag Precious Metals Corp. stock
Triple Flag Precious Metals Corp. finds support from accumulated volume at $16.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.608 (3.61%) between high and low. For the last week, the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: $16.38 (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (TFPM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Triple Flag Precious Metals Corp. to open at $17.21, and during the day (based on 14 day Average True Range), to move between $16.85 and $17.81, which gives a possible trading interval of +/-$0.476 (+/-2.75%) up or down from last closing price. If Triple Flag Precious Metals Corp. takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.59, some $0.740 (4.27%) from the current price of $17.33, our system finds the risk reward attractive.
Is Triple Flag Precious Metals Corp. stock A Buy?
Triple Flag Precious Metals Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Triple Flag Precious Metals Corp. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$17.21 ( 0.677%) | $17.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFPM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.82 | 2.83 % | |
R2 | 17.59 | 1.49 % | ||
R1 | 17.44 | 0.663 % | ||
Current price: | 17.33 | |||
Support | S1 | 16.98 | -2.02 % | |
S2 | 16.84 | -2.85 % | ||
S3 | 16.60 | -4.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 17.33 | |||
Support | S1 | 16.59 | -4.27% | |
S2 | 16.11 | -7.04% | ||
S3 | 13.44 | -22.45% |
TFPM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0525 | 0.303% |
2 | Feb 21, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.0525 | 0.391% |
3 | Nov 07, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.0525 | 0.391% |
4 | Aug 08, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.0530 | 0.402% |
5 | May 09, 2023 | May 30, 2023 | Jun 15, 2023 | $0.0500 | 0.363% |
FAQ
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