Tutor Perini Corporation Stock Forecast
Tutor Perini Corporation stock price ended at $17.39 on Thursday, after gaining 3.70%.
(Updated on May 02, 2024)
The Tutor Perini Corporation stock price gained 3.70% on the last trading day (Thursday, 2nd May 2024), rising from $16.77 to $17.39. During the last trading day the stock fluctuated 3.75% from a day low at $16.78 to a day high of $17.41. The price has been going up and down for this period, and there has been a 29.97% gain for the last 2 weeks. Volume fell on the last day by -313 thousand shares and in total, 420 thousand shares were bought and sold for approximately $7.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 79.21% during the next 3 months and, with a 90% probability hold a price between $25.94 and $32.81 at the end of this 3-month period.
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TPC Signals & Forecast
The Tutor Perini Corporation 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 $16.30 and $14.49. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Tutor Perini Corporation stock
Tutor Perini Corporation finds support from accumulated volume at $16.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.630 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 6.88%.
Our recommended stop-loss: $16.75 (-3.70%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (TPC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Tutor Perini Corporation to open at $17.19, and during the day (based on 14 day Average True Range), to move between $16.55 and $18.23, which gives a possible trading interval of +/-$0.84 (+/-4.80%) up or down from last closing price. If Tutor Perini Corporation takes out the full calculated possible swing range there will be an estimated 9.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.72 (1.90%) than the support at $16.77 (3.57%), 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 Tutor Perini Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tutor Perini Corporation stock to perform well in the short-term.
Current score: 2.593 Buy Candidate Unchanged
Predicted Opening Price for Tutor Perini Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $17.19 ( 1.13%) | $17.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.82 | 2.49 % | |
| R2 | 17.58 | 1.11 % | ||
| R1 | 17.43 | 0.253 % | ||
| Current price: | 17.39 | |||
| Support | S1 | 16.95 | -2.51 % | |
| S2 | 16.80 | -3.37 % | ||
| S3 | 16.56 | -4.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 17.78 | 2.24 % | ||
| R1 | 17.72 | 1.90 % | ||
| Current price | 17.39 | |||
| Support | S1 | 16.77 | -3.57% | |
| S2 | 15.84 | -8.91% | ||
| S3 | 13.52 | -22.25% |
TPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 26, 2010 | Nov 02, 2010 | Nov 12, 2010 | $1.00 | 4.51% |
| 2 | Sep 20, 1990 | Nov 20, 1990 | Dec 18, 1990 | $0.200 | 2.71% |
| 3 | May 21, 1990 | Aug 22, 1990 | Sep 17, 1990 | $0.200 | 1.33% |
| 4 | Mar 22, 1990 | May 21, 1990 | Jun 15, 1990 | $0.200 | 0.730% |
| 5 | Dec 07, 1989 | Feb 16, 1990 | Mar 15, 1990 | $0.200 | 0.604% |
FAQ
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