Tpg Operating Group Ii, L.p. 6.950% Stock Forecast
Tpg Operating Group Ii, L.p. 6.950% stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Tpg Operating Group Ii, L.p. 6.950% stock price fell by -1.10% on the last day (Friday, 28th Jun 2024) from $26.25 to $25.96. During the last trading day the stock fluctuated 1.31% from a day low at $25.96 to a day high of $26.30. The price has risen in 6 of the last 10 days but is still down by -0.42% for this period. Volume has increased on the last day by 330 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 387 thousand shares were bought and sold for approximately $10.04 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.96 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Tpg Operating Group Ii, L.p. 6.950% stock with a 90% probability to be traded between $26.09 and $26.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TPGXL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.0771%. 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 Tpg Operating Group Ii, L.p. 6.950% stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.09 and $26.12. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the long-term chart.
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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the long-term chart.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 $25.94 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 $0.340 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 0.775%.
Our recommended stop-loss: $24.60 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (TPGXL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tpg Operating Group Ii, L.p. 6.950% Fixed-rate Junior Subordinated Notes Due 2064 to open at $26.07, and during the day (based on 14 day Average True Range), to move between $25.74 and $26.18, which gives a possible trading interval of +/-$0.217 (+/-0.84%) 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 1.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.94 (0.08%) than the resistance at $26.07 (0.42%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.256 Hold/Accumulate Downgraded
Predicted Opening Price for Tpg Operating Group Ii, L.p. 6.950% Fixed-rate Junior Subordinated Notes Due 2064 of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$26.07 ( 0.437%) | $25.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPGXL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.41 | 1.75% |
R2 | 26.28 | 1.25% |
R1 | 26.20 | 0.94% |
Price | 25.96 | |
S1 | 25.94 | -0.0637% |
S2 | 25.86 | -0.373% |
S3 | 25.73 | -0.87% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.45 | 1.87% |
R2 | 26.08 | 0.462% |
R1 | 26.07 | 0.424% |
Price | 25.96 | |
S1 | 25.94 | -0.0770% |
S2 | 25.88 | -0.308% |
S3 | 25.84 | -0.462% |
TPGXL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.487 | 1.87% |
FAQ
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