Tortoise Power and Energy Infrastructure Stock Forecast

Tortoise Power and Energy Infrastructure stock price up 0.717% on Thursday
(Updated on Jun 20, 2024)

TPZ Signals & Forecast

The Tortoise Power and Energy Infrastructure 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 $15.35 and $15.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.83%. Further rise is indicated until a new top pivot has been found. Tortoise Power and Energy Infrastructure 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 Friday, May 03, 2024 in the short-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 Tortoise Power and Energy Infrastructure stock

Tortoise Power and Energy Infrastructure finds support from accumulated volume at $15.45 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 $0.0950 between high and low, or 0.618%. For the last week the stock has had daily average volatility of 1.51%.

Our recommended stop-loss: $14.55 (-5.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (TPZ) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Tortoise Power and Energy Infrastructure Fund Inc to open at $15.43, and during the day (based on 14 day Average True Range), to move between $15.26 and $15.66, which gives a possible trading interval of +/-$0.204 (+/-1.32%) up or down from last closing price. If Tortoise Power and Energy Infrastructure Fund Inc takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.45 (0.06%) than the resistance at $15.49 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tortoise Power and Energy Infrastructure Fund Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tortoise Power and Energy Infrastructure stock to perform well in the short-term period.

Current score: 1.964 Buy Candidate Unchanged

Predicted Opening Price for Tortoise Power and Energy Infrastructure Fund Inc of Friday, June 21, 2024

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