TPG RE Finance Trust Inc Stock Forecast

TPG RE Finance Trust Inc stock price up more than 13.10% on Wednesday
(Updated on May 01, 2024)

TRTX Signals & Forecast

Mostly positive signals in the chart today. The TPG RE Finance Trust Inc 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 $7.72 and $7.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 16.93%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, April 29, 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 TPG RE Finance Trust Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $7.55 and $6.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TPG RE Finance Trust Inc finds support just below today's level at $7.55. If this is broken, then the next support from accumulated volume will be at $6.90 and $6.45.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.635 between high and low, or 8.16%. For the last week, the stock has had daily average volatility of 3.69%.

Our recommended stop-loss: $7.98 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (TRTX) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect TPG RE Finance Trust Inc to open at $8.16, and during the day (based on 14 day Average True Range), to move between $7.99 and $8.59, which gives a possible trading interval of +/-$0.298 (+/-3.59%) up or down from last closing price. If TPG RE Finance Trust Inc takes out the full calculated possible swing range there will be an estimated 7.18% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $7.55, some $0.740 (8.93%) from the current price of $8.29, our system finds the risk reward attractive.

Is TPG RE Finance Trust Inc stock A Buy?

TPG RE Finance Trust Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 6.690 Strong Buy Candidate Upgraded

Predicted Opening Price for TPG RE Finance Trust Inc of Thursday, May 2, 2024

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