Terra Nitrogen Company Lp Fund Forecast

Buy or Hold candidate since Apr 09, 2018

No changes to the price of Terra Nitrogen Company LP fund on the last trading day (Friday, 11th May 2018). During the last trading day the fund fluctuated 0% from a day low at $83.96 to a day high of $83.96. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Terra Nitrogen Company LP fund with a 90% probability to be traded between $82.74 and $84.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

TNH Signals & Forecast

The Terra Nitrogen Company LP fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the fund. 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 $83.96 and $83.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2018, and so far it has risen 0.720%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Terra Nitrogen Company LP fund

Terra Nitrogen Company LP finds support from accumulated volume at $83.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $79.16 (-5.71%) (This fund has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (TNH) For The Upcoming Trading Day Of Monday 14th

For the upcoming trading day on Monday, 14th we expect Terra Nitrogen Company LP to open at $83.96, and during the day (based on 14 day Average True Range), to move between $83.92 and $84.00, which gives a possible trading interval of +/-$0.0755 (+/-0.09%) up or down from last closing price. If Terra Nitrogen Company LP takes out the full calculated possible swing range there will be an estimated 0.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $84.00 (0.05%) than the support at $83.90 (0.07%), 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 Terra Nitrogen Company LP fund A Buy?

Terra Nitrogen Company LP 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.

Current score: 0.548 Hold/Accumulate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on May 14, 2018 - $83.96 ( 0%).

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