TFS Financial Corporation Stock Forecast
Green day on Wednesday for TFS Financial Corporation stock after gaining 0.0813%
(Updated on Apr 24, 2024)
The TFS Financial Corporation stock price gained 0.0813% on the last trading day (Wednesday, 24th Apr 2024), rising from $12.30 to $12.31. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.48% from a day low at $12.14 to a day high of $12.32. The price has risen in 7 of the last 10 days and is up by 2.5% over the past 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 172 thousand shares were bought and sold for approximately $2.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $12.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.07% during the next 3 months and, with a 90% probability hold a price between $10.15 and $10.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TFSL Signals & Forecast
There are mixed signals in the stock today. The TFS Financial Corporation 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 $12.31. On a fall, the stock will find some support from the short-term average at $12.03. 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). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.12%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for TFS Financial Corporation stock
TFS Financial Corporation finds support from accumulated volume at $12.19 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 $0.180 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Since the TFS Financial Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TFSL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TFS Financial Corporation to open at $12.26, and during the day (based on 14 day Average True Range), to move between $12.08 and $12.54, which gives a possible trading interval of +/-$0.232 (+/-1.89%) up or down from last closing price. If TFS Financial Corporation takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.19 (0.97%) than the resistance at $12.53 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TFS Financial Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0600. We will update the financials statements for TFS Financial Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.19% in the first trading day after earnings release.
Is TFS Financial Corporation stock A Buy?
TFS Financial Corporation 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: -2.185 Sell Candidate Unchanged
Predicted Opening Price for TFS Financial Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $12.26 ( 0.433%) | $12.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.44 | 1.03 % | |
| R2 | 12.37 | 0.470 % | ||
| R1 | 12.33 | 0.125 % | ||
| Current price: | 12.31 | |||
| Support | S1 | 12.19 | -0.99 % | |
| S2 | 12.15 | -1.34 % | ||
| S3 | 12.08 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.22 | 7.39 % | |
| R2 | 12.79 | 3.90 % | ||
| R1 | 12.53 | 1.79 % | ||
| Current price | 12.31 | |||
| Support | S1 | 12.19 | -0.97% | |
| S2 | 12.12 | -1.54% | ||
| S3 | 12.01 | -2.44% |
TFSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.283 | 2.23% |
| 2 | Nov 15, 2023 | Nov 28, 2023 | Dec 13, 2023 | $0.283 | 1.94% |
| 3 | Aug 31, 2023 | Sep 11, 2023 | Sep 26, 2023 | $0.280 | 2.35% |
| 4 | May 18, 2023 | May 30, 2023 | Jun 13, 2023 | $0.283 | 2.18% |
| 5 | May 18, 2023 | May 26, 2023 | Jun 13, 2023 | $0.283 | 2.18% |
FAQ
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