Target Hospitality Corp. Stock Forecast
Red day on Wednesday for Target Hospitality Corp. stock after losing 0.225%
(Updated on May 01, 2024)
The Target Hospitality Corp. stock price fell by -0.225% on the last day (Wednesday, 1st May 2024) from $11.13 to $11.10. During the last trading day the stock fluctuated 1.56% from a day low at $11.09 to a day high of $11.26. The price has risen in 7 of the last 10 days and is up by 4.32% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 356 thousand shares were bought and sold for approximately $3.95 million.
The stock lies in the upper part of a wide and strong rising 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 $11.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.90% during the next 3 months and, with a 90% probability hold a price between $12.30 and $14.22 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TH Signals & Forecast
The Target Hospitality 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 $11.08 and $10.44. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, February 26, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, February 26, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Target Hospitality Corp. stock
Target Hospitality Corp. finds support from accumulated volume at $10.91 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 $0.173 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: $10.60 (-4.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TH) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Target Hospitality Corp. to open at $11.15, and during the day (based on 14 day Average True Range), to move between $10.83 and $11.37, which gives a possible trading interval of +/-$0.270 (+/-2.43%) up or down from last closing price. If Target Hospitality Corp. takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.12 (0.18%) than the support at $10.91 (1.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Target Hospitality Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Target Hospitality Corp. stock to perform well in the short-term.
Current score: 2.382 Buy Candidate Unchanged
Predicted Opening Price for Target Hospitality Corp. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $11.15 ( 0.460%) | $11.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.32 | 2.02 % | |
| R2 | 11.26 | 1.43 % | ||
| R1 | 11.22 | 1.06 % | ||
| Current price: | 11.10 | |||
| Support | S1 | 11.08 | -0.136 % | |
| S2 | 11.04 | -0.504 % | ||
| S3 | 10.98 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.31 | 1.89 % | |
| R2 | 11.13 | 0.225 % | ||
| R1 | 11.12 | 0.180 % | ||
| Current price | 11.10 | |||
| Support | S1 | 10.91 | -1.71% | |
| S2 | 8.95 | -19.37% | ||
| S3 | 8.67 | -21.89% |
FAQ
Click here for our free guide on how to buy Target Hospitality Corp. Stock.
