Tpg Operating Group Ii, L.p. 6.950% Stock Forecast

Evaluation of Tpg Operating Group Ii, L.p. 6.950% stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

TPGXL Signals & Forecast

The Tpg Operating Group Ii, L.p. 6.950% stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $26.05 and $26.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.89%. Further rise is indicated until a new top pivot has been found. Tpg Operating Group Ii, L.p. 6.950% 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). The stock had a Golden Star Signal on Thursday, April 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 21, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Tpg Operating Group Ii, L.p. 6.950% stock

Tpg Operating Group Ii, L.p. 6.950% finds support from accumulated volume at $26.15 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 $0.220 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.639%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TPGXL) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Tpg Operating Group Ii, L.p. 6.950% Fixed-rate Junior Subordinated Notes Due 2064 to open at $26.19, and during the day (based on 14 day Average True Range), to move between $25.95 and $26.39, which gives a possible trading interval of +/-$0.217 (+/-0.83%) up or down from last closing price. If Tpg Operating Group Ii, L.p. 6.950% Fixed-rate Junior Subordinated Notes Due 2064 takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.15 (0.08%) than the resistance at $26.26 (0.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tpg Operating Group Ii, L.p. 6.950% Fixed-rate Junior Subordinated Notes Due 2064 stock A Buy?

Tpg Operating Group Ii, L.p. 6.950% holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.269 Sell Candidate Downgraded

Predicted Opening Price for Tpg Operating Group Ii, L.p. 6.950% Fixed-rate Junior Subordinated Notes Due 2064 of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.