The Tinley Beverage Company Inc. Stock Forecast
Red day on Thursday for The Tinley Beverage Company Inc.
(Updated on May 30, 2024)
No changes to the price of The Tinley Beverage Company Inc. stock on the last trading day (Thursday, 30th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0250 to a day high of $0.0250. The price has fallen in 4 of the last 10 days and is down by -9.75% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.82% during the next 3 months and, with a 90% probability hold a price between $0.0170 and $0.0270 at the end of this 3-month period.
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TNYBF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has fallen 0%. 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. The The Tinley Beverage Company Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0280 and $0.0268. A break-up above any of these levels will issue buy signals. 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 The Tinley Beverage Company Inc. stock
The Tinley Beverage Company Inc. finds support from accumulated volume at $0.0239 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 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.70%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TNYBF) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect The Tinley Beverage Company Inc. to open at $0.0250, and during the day (based on 14 day Average True Range), to move between $0.0228 and $0.0272, which gives a possible trading interval of +/-$0.0022 (+/-8.93%) up or down from last closing price. If The Tinley Beverage Company Inc. takes out the full calculated possible swing range there will be an estimated 17.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0239 (4.60%) than the resistance at $0.0280 (12.00%), 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
The Tinley Beverage Company Inc. will release earnings BMO on Monday, June 03, 2024. We will update the financials statements for The Tinley Beverage Company Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.39% in the first trading day after earnings release.
Is The Tinley Beverage Company Inc. stock A Buy?
The Tinley Beverage Company Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.466 Sell Candidate Unchanged
Predicted Opening Price for The Tinley Beverage Company Inc. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $0.0250 ( 0.00000000%) | $0.0250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TNYBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0250 | 0.00000000 % | |
| R2 | 0.0250 | 0.00000000 % | ||
| R1 | 0.0250 | 0.00000000 % | ||
| Current price: | 0.0250 | |||
| Support | S1 | 0.0250 | 0.00000000 % | |
| S2 | 0.0250 | 0.00000000 % | ||
| S3 | 0.0250 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0300 | 20.00 % | |
| R2 | 0.0296 | 18.40 % | ||
| R1 | 0.0280 | 12.00 % | ||
| Current price | 0.0250 | |||
| Support | S1 | 0.0239 | -4.60% | |
| S2 | 0.0233 | -6.96% | ||
| S3 | 0.0214 | -14.40% |
FAQ
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