Total Energy Services Inc. Stock Forecast
Green day on Friday for Total Energy Services Inc.
(Updated on Jun 28, 2024)
The Total Energy Services Inc. stock price gained 0.416% on the last trading day (Friday, 28th Jun 2024), rising from $9.62 to $9.66. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.84% from a day low at $9.50 to a day high of $9.77. The price has risen in 7 of the last 10 days and is up by 2.55% 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, 11 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $283.81 thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $9.73 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.04% during the next 3 months and, with a 90% probability hold a price between $8.13 and $8.76 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
The Total Energy Services 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 $9.43 and $9.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 5.92%. 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. 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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.270 between high and low, or 2.84%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: $9.14 (-5.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (TOT.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Total Energy Services Inc. to open at $9.64, and during the day (based on 14 day Average True Range), to move between $9.39 and $9.93, which gives a possible trading interval of +/-$0.272 (+/-2.82%) 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 5.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.78 (1.24%) than the support at $9.33 (3.42%), 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 Total Energy Services Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.813 Buy Candidate Unchanged
Predicted Opening Price for Total Energy Services Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $9.64 ( 0.173%) | $9.66 |
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 | 9.91 | 2.62% |
| R2 | 9.81 | 1.55% |
| R1 | 9.75 | 0.90% |
| Price | 9.66 | |
| S1 | 9.54 | -1.24% |
| S2 | 9.48 | -1.90% |
| S3 | 9.37 | -2.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.66 | 10.35% |
| R2 | 9.80 | 1.45% |
| R1 | 9.78 | 1.24% |
| Price | 9.66 | |
| S1 | 9.33 | -3.42% |
| S2 | 9.21 | -4.66% |
| S3 | 9.18 | -4.97% |
TOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0900 | 0.93% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.0900 | 0.91% |
| 3 | Mar 07, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0900 | 0.91% |
| 4 | Dec 01, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0800 | 0.95% |
| 5 | Sep 01, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0800 | 0.88% |
FAQ
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