TPG Specialty Lending Inc Stock Forecast
TPG Specialty Lending Inc stock price up 2.01% on Monday
(Updated on Apr 22, 2024)
The TPG Specialty Lending Inc stock price gained 2.01% on the last trading day (Monday, 22nd Apr 2024), rising from $20.91 to $21.33. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.13% from a day low at $20.91 to a day high of $21.36. The price has risen in 6 of the last 10 days and is up by 1.91% over the past 2 weeks. Volume fell on the last day by -84 thousand shares and in total, 410 thousand shares were bought and sold for approximately $8.75 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.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $21.12, a level that may pose a second chance to hit a runner. According to fan-theory $22.21 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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TSLX Signals & Forecast
The TPG Specialty Lending Inc 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 $20.83 and $20.96. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -0.467%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TPG Specialty Lending Inc stock
TPG Specialty Lending Inc finds support from accumulated volume at $21.31 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 $0.445 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSLX) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect TPG Specialty Lending Inc to open at $21.20, and during the day (based on 14 day Average True Range), to move between $21.05 and $21.61, which gives a possible trading interval of +/-$0.281 (+/-1.32%) up or down from last closing price. If TPG Specialty Lending Inc takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.31 (0.09%) than the resistance at $21.42 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TPG Specialty Lending Inc stock A Buy?
TPG Specialty Lending Inc holds several negative signals and is within a 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: -1.364 Sell Candidate Unchanged
Predicted Opening Price for TPG Specialty Lending Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $21.20 ( 0.617%) | $21.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSLX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.64 | 1.47 % | |
| R2 | 21.47 | 0.672 % | ||
| R1 | 21.37 | 0.180 % | ||
| Current price: | 21.33 | |||
| Support | S1 | 21.03 | -1.41 % | |
| S2 | 20.92 | -1.91 % | ||
| S3 | 20.75 | -2.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.73 | 1.88 % | |
| R2 | 21.43 | 0.469 % | ||
| R1 | 21.42 | 0.422 % | ||
| Current price | 21.33 | |||
| Support | S1 | 21.31 | -0.0938% | |
| S2 | 21.07 | -1.22% | ||
| S3 | 21.03 | -1.41% |
TSLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.460 | 2.15% |
| 2 | Feb 15, 2024 | Feb 28, 2024 | Mar 20, 2024 | $0.0800 | 0.385% |
| 3 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.460 | 2.13% |
| 4 | Nov 02, 2023 | Nov 29, 2023 | Dec 20, 2023 | $0.0700 | 0.332% |
| 5 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.460 | 2.25% |
FAQ
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