Total Energy Services Inc. Stock Forecast
Total Energy Services Inc. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Total Energy Services Inc. stock price gained 0.107% on the last trading day (Tuesday, 25th Jun 2024), rising from $9.37 to $9.38. During the last trading day the stock fluctuated 1.72% from a day low at $9.31 to a day high of $9.47. The price has been going up and down for this period, and there has been a -2.7% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $251.38 thousand.
The stock lies in the middle of a 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 -10.98% during the next 3 months and, with a 90% probability hold a price between $8.08 and $8.63 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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TOT.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.85%. Further rise is indicated until a new top pivot has been found. Total Energy Services 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Total Energy Services Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.42. On a fall, the stock will find some support from the short-term average at $9.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Total Energy Services Inc. stock
Total Energy Services Inc. finds support from accumulated volume at $9.33 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 $0.160 (1.72%) between high and low. For the last week, the stock has had daily average volatility of 3.48%.
Our recommended stop-loss: $8.87 (-5.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TOT.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Total Energy Services Inc. to open at $9.39, and during the day (based on 14 day Average True Range), to move between $9.10 and $9.66, which gives a possible trading interval of +/-$0.282 (+/-3.01%) up or down from last closing price. If Total Energy Services Inc. takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.33 (0.53%) than the resistance at $9.78 (4.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Total Energy Services Inc. stock A Buy?
Total Energy Services 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.848 Hold/Accumulate Upgraded
Predicted Opening Price for Total Energy Services Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$9.39 ( 0.0711%) | $9.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOT.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 9.55 | 1.78% |
R2 | 9.49 | 1.13% |
R1 | 9.45 | 0.723% |
Price | 9.38 | |
S1 | 9.33 | -0.581% |
S2 | 9.29 | -0.98% |
S3 | 9.23 | -1.63% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10.66 | 13.65% |
R2 | 9.80 | 4.48% |
R1 | 9.78 | 4.26% |
Price | 9.38 | |
S1 | 9.33 | -0.533% |
S2 | 9.21 | -1.81% |
S3 | 9.18 | -2.13% |
TOT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0900 | 0.96% |
2 | Mar 07, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0900 | 0.91% |
3 | Dec 01, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0800 | 0.95% |
4 | Sep 01, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0800 | 0.88% |
5 | Jun 01, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0800 | 0.85% |
FAQ
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