Team Inc Stock Forecast
Strong day for Team Inc stock price on Wednesday rising 10.71% to $7.65
(Updated on Mar 27, 2024)
The Team Inc stock price gained 10.71% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.91 to $7.65. During the last trading day the stock fluctuated 9.80% from a day low at $7.03 to a day high of $7.72. The price has risen in 7 of the last 10 days and is up by 44.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 48 thousand shares were bought and sold for approximately $367.58 thousand.
Given the current short-term trend, the stock is expected to fall -6.77% during the next 3 months and, with a 90% probability hold a price between $4.69 and $7.13 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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TISI Signals & Forecast
The Team Inc 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 $6.68 and $6.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 50.29%. 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). Team Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Team Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.99 and $6.28. 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, Team Inc finds support just below today's level at $6.99. If this is broken, then the next support from accumulated volume will be at $6.28 and $5.80.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.689 between high and low, or 9.80%. For the last week, the stock has had daily average volatility of 7.32%.
Our recommended stop-loss: $7.36 (-3.82%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (TISI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Team Inc to open at $7.47, and during the day (based on 14 day Average True Range), to move between $7.12 and $8.18, which gives a possible trading interval of +/-$0.526 (+/-6.88%) up or down from last closing price. If Team Inc takes out the full calculated possible swing range there will be an estimated 13.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $6.99, some $0.660 (8.63%) from the current price of $7.65, our system finds the risk reward attractive.
Is Team Inc stock A Buy?
Team Inc 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 Team Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$7.47 ( 2.40%) | $7.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TISI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.16 | 6.61 % | |
R2 | 7.89 | 3.17 % | ||
R1 | 7.73 | 1.04 % | ||
Current price: | 7.65 | |||
Support | S1 | 7.20 | -5.84 % | |
S2 | 7.04 | -7.97 % | ||
S3 | 6.78 | -11.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 7.65 | |||
Support | S1 | 6.99 | -8.63% | |
S2 | 6.28 | -17.91% | ||
S3 | 5.80 | -24.18% |
TISI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 03, 1993 | Feb 03, 1993 | Mar 01, 1993 | $0.100 | 0.400% |
2 | Nov 05, 1992 | Nov 05, 1992 | Nov 30, 1992 | $0.100 | 0.302% |
3 | Aug 10, 1992 | Aug 10, 1992 | Aug 31, 1992 | $0.175 | 0.538% |
4 | May 04, 1992 | May 04, 1992 | May 29, 1992 | $0.175 | 0.583% |
5 | Feb 03, 1992 | Feb 03, 1992 | Feb 28, 1992 | $0.175 | 0.467% |
FAQ
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