Travel + Leisure Co. Stock Forecast
Green day on Thursday for Travel + Leisure Co. stock after gaining 1.14%
(Updated on Mar 28, 2024)
The Travel + Leisure Co. stock price gained 1.14% on the last trading day (Thursday, 28th Mar 2024), rising from $48.41 to $48.96. During the last trading day the stock fluctuated 1.76% from a day low at $48.17 to a day high of $49.02. The price has risen in 8 of the last 10 days and is up by 9.41% 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, 239 thousand more shares were traded than the day before. In total, 754 thousand shares were bought and sold for approximately $36.89 million.
The stock lies in the middle of a wide and 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 23.36% during the next 3 months and, with a 90% probability hold a price between $55.60 and $61.83 at the end of this 3-month period.
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TNL Signals & Forecast
The Travel + Leisure Co. 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 $47.71 and $44.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 21.64%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Travel + Leisure Co. stock
Travel + Leisure Co. finds support from accumulated volume at $47.02 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 $0.85 (1.76%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: $47.31 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (TNL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Travel + Leisure Co. to open at $48.72, and during the day (based on 14 day Average True Range), to move between $47.98 and $49.94, which gives a possible trading interval of +/-$0.98 (+/-2.00%) up or down from last closing price. If Travel + Leisure Co. takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $47.02, some $1.94 (3.96%) from the current price of $48.96, our system finds the risk reward attractive.
Is Travel + Leisure Co. stock A Buy?
Travel + Leisure Co. 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: 0.000 Hold/Accumulate Unchanged
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 Travel + Leisure Co. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$48.72 ( 0.497%) | $48.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TNL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 49.57 | 1.24 % | |
R2 | 49.24 | 0.576 % | ||
R1 | 49.04 | 0.166 % | ||
Current price: | 48.96 | |||
Support | S1 | 48.39 | -1.16 % | |
S2 | 48.19 | -1.57 % | ||
S3 | 47.87 | -2.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 48.96 | |||
Support | S1 | 47.02 | -3.96% | |
S2 | 45.73 | -6.60% | ||
S3 | 43.64 | -10.87% |
TNL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.500 | 1.02% |
2 | Nov 07, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.450 | 1.15% |
3 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.450 | 1.23% |
4 | May 17, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.450 | 1.12% |
5 | Mar 08, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.450 | 1.15% |
FAQ
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