Trinseo SA Stock Forecast
Volatile ride for Trinseo SA stock price on Monday moving between $2.87 and $3.19
(Updated on Apr 15, 2024)
The Trinseo SA stock price fell by -0.676% on the last day (Monday, 15th Apr 2024) from $2.96 to $2.94. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 11.15% from a day low at $2.87 to a day high of $3.19. The price has fallen in 8 of the last 10 days and is down by -23.04% for this period. Volume has increased on the last day by 115 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, 653 thousand shares were bought and sold for approximately $1.92 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.62 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.01% during the next 3 months and, with a 90% probability hold a price between $1.57 and $2.66 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.
TSE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trinseo SA 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 $3.42 and $4.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -27.05%. Further fall is indicated until a new bottom pivot has been found. 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 Trinseo SA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.320 between high and low, or 11.15%. For the last week, the stock has had daily average volatility of 10.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSE) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Trinseo SA to open at $3.00, and during the day (based on 14 day Average True Range), to move between $2.59 and $3.29, which gives a possible trading interval of +/-$0.353 (+/-12.00%) up or down from last closing price. If Trinseo SA takes out the full calculated possible swing range there will be an estimated 24.01% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.24, some $0.300 (10.20%) from the current price of $2.94, our system finds the risk reward not very attractive.
Is Trinseo SA stock A Buy?
Trinseo SA 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.
Current score: -7.332 Strong Sell Candidate Unchanged
Predicted Opening Price for Trinseo SA of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $3.00 ( 2.04%) | $2.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 12.93 % | |
| R2 | 3.20 | 8.77 % | ||
| R1 | 3.12 | 6.20 % | ||
| Current price: | 2.94 | |||
| Support | S1 | 2.88 | -2.12 % | |
| S2 | 2.80 | -4.69 % | ||
| S3 | 2.68 | -8.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.61 | 22.79 % | |
| R2 | 3.44 | 17.01 % | ||
| R1 | 3.24 | 10.20 % | ||
| Current price | 2.94 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Apr 03, 2024 | Apr 18, 2024 | $0.0100 | 0.340% |
| 2 | Nov 16, 2023 | Jan 03, 2024 | Jan 18, 2024 | $0.0100 | 0.181% |
| 3 | Sep 21, 2023 | Oct 04, 2023 | Oct 19, 2023 | $0.0100 | 0.161% |
| 4 | Jun 15, 2023 | Jul 05, 2023 | Jul 20, 2023 | $0.0100 | 0.0569% |
| 5 | Feb 23, 2023 | Apr 05, 2023 | Jul 20, 2023 | $0.140 | 0.797% |
FAQ
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