Tejon Ranch Co Stock Forecast
Tejon Ranch Co stock downgraded to Hold/Accumulate
(Updated on Apr 19, 2024)
The Tejon Ranch Co stock price gained 3.76% on the last trading day (Friday, 19th Apr 2024), rising from $15.69 to $16.28. During the last trading day the stock fluctuated 4.55% from a day low at $15.71 to a day high of $16.42. The price has been going up and down for this period, and there has been a 7.67% gain for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 119 thousand shares were bought and sold for approximately $1.93 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.
Given the current short-term trend, the stock is expected to fall -6.67% during the next 3 months and, with a 90% probability hold a price between $13.85 and $15.19 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TRC Signals & Forecast
The Tejon Ranch Co 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 $15.33 and $15.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.41%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Tejon Ranch Co stock
Tejon Ranch Co finds support from accumulated volume at $15.91 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 $0.715 between high and low, or 4.55%. For the last week the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: $15.76 (-3.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (TRC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tejon Ranch Co to open at $16.14, and during the day (based on 14 day Average True Range), to move between $15.87 and $16.69, which gives a possible trading interval of +/-$0.407 (+/-2.50%) up or down from last closing price. If Tejon Ranch Co takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.50 (1.35%) than the support at $15.91 (2.27%), 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 Tejon Ranch Co stock A Buy?
Tejon Ranch Co holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tejon Ranch Co of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $16.14 ( 0.89%) | $16.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.85 | 3.50 % | |
| R2 | 16.58 | 1.82 % | ||
| R1 | 16.41 | 0.787 % | ||
| Current price: | 16.28 | |||
| Support | S1 | 15.86 | -2.57 % | |
| S2 | 15.69 | -3.60 % | ||
| S3 | 15.42 | -5.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.63 | 2.15 % | |
| R2 | 16.51 | 1.41 % | ||
| R1 | 16.50 | 1.35 % | ||
| Current price | 16.28 | |||
| Support | S1 | 15.91 | -2.27% | |
| S2 | 15.69 | -3.62% | ||
| S3 | 15.63 | -3.99% |
TRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 1999 | Nov 17, 1999 | Dec 10, 1999 | $0.0235 | 0.107% |
| 2 | Mar 16, 1999 | May 12, 1999 | Jun 18, 1999 | $0.0235 | 0.101% |
| 3 | Aug 26, 1998 | Nov 18, 1998 | Dec 04, 1998 | $0.0235 | 0.121% |
| 4 | Mar 26, 1998 | May 13, 1998 | Jun 19, 1998 | $0.0235 | 0.0990% |
| 5 | Aug 28, 1997 | Nov 19, 1997 | Dec 05, 1997 | $0.0235 | 0.0858% |
FAQ
Click here for our free guide on how to buy Tejon Ranch Co Stock.
