Trupanion Inc Stock Forecast
Big movements in Trupanion Inc stock price on Tuesday moving 10.21% between high and low
(Updated on Apr 30, 2024)
The Trupanion Inc stock price fell by -6.25% on the last day (Tuesday, 30th Apr 2024) from $24.00 to $22.50. During the last trading day the stock fluctuated 10.21% from a day low at $22.23 to a day high of $24.50. The price has fallen in 6 of the last 10 days but is still up by 1.49% over the past 2 weeks. Volume has increased on the last day by 19 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, 345 thousand shares were bought and sold for approximately $7.77 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.82% during the next 3 months and, with a 90% probability hold a price between $14.93 and $25.16 at the end of this 3-month period.
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TRUP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.34%. 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 Trupanion Inc 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 $23.28 and $25.13. 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.
Support, Risk & Stop-loss for Trupanion Inc stock
Trupanion Inc finds support from accumulated volume at $22.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.27 between high and low, or 10.21%. For the last week, the stock has had daily average volatility of 4.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRUP) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Trupanion Inc to open at $23.08, and during the day (based on 14 day Average True Range), to move between $21.08 and $23.92, which gives a possible trading interval of +/-$1.42 (+/-6.32%) up or down from last closing price. If Trupanion Inc takes out the full calculated possible swing range there will be an estimated 12.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.45 (0.22%) than the resistance at $22.88 (1.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Trupanion Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.180. We will update the financials statements for Trupanion Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.06% in the first trading day after earnings release.
Is Trupanion Inc stock A Buy?
Trupanion Inc holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -5.763 Strong Sell Candidate Downgraded
Predicted Opening Price for Trupanion Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $23.08 ( 2.56%) | $22.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRUP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.35 | 12.65 % | |
| R2 | 24.48 | 8.80 % | ||
| R1 | 23.94 | 6.42 % | ||
| Current price: | 22.50 | |||
| Support | S1 | 22.21 | -1.29 % | |
| S2 | 21.67 | -3.67 % | ||
| S3 | 20.81 | -7.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.39 | 8.40 % | |
| R2 | 23.71 | 5.38 % | ||
| R1 | 22.88 | 1.69 % | ||
| Current price | 22.50 | |||
| Support | S1 | 22.45 | -0.222% | |
| S2 | 22.17 | -1.47% | ||
| S3 | 21.36 | -5.07% |
FAQ
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