TPG Specialty Lending Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for TPG Specialty Lending Inc
(Updated on Apr 26, 2024)
The TPG Specialty Lending Inc stock price gained 2.60% on the last trading day (Friday, 26th Apr 2024), rising from $21.13 to $21.68. During the last trading day the stock fluctuated 3.08% from a day low at $21.09 to a day high of $21.74. The price has been going up and down for this period, and there has been a 4.48% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 189 thousand more shares were traded than the day before. In total, 470 thousand shares were bought and sold for approximately $10.18 million.
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 $21.15, a level that may pose a second chance to hit a runner. According to fan-theory $22.19 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. 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 $21.17 and $20.99. 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 5.50%. 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.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 2.08% to $22.13 within 22 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for TPG Specialty Lending Inc stock
TPG Specialty Lending Inc finds support from accumulated volume at $21.43 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 $0.649 between high and low, or 3.08%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $20.74 (-4.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (TSLX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect TPG Specialty Lending Inc to open at $21.50, and during the day (based on 14 day Average True Range), to move between $21.40 and $21.96, which gives a possible trading interval of +/-$0.284 (+/-1.31%) 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 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.73 (0.23%) than the support at $21.43 (1.15%), 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.
Earnings coming up
TPG Specialty Lending Inc will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.600. We will update the financials statements for TPG Specialty Lending Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.77% in the first trading day after earnings release.
Is TPG Specialty Lending Inc stock A Buy?
TPG Specialty Lending Inc 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 TPG Specialty Lending Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $21.50 ( 0.81%) | $21.68 |
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 | 22.15 | 2.18 % | |
| R2 | 21.90 | 1.04 % | ||
| R1 | 21.75 | 0.330 % | ||
| Current price: | 21.68 | |||
| Support | S1 | 21.26 | -1.96 % | |
| S2 | 21.10 | -2.66 % | ||
| S3 | 20.85 | -3.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.02 | 1.57 % | |
| R2 | 21.97 | 1.34 % | ||
| R1 | 21.73 | 0.231 % | ||
| Current price | 21.68 | |||
| Support | S1 | 21.43 | -1.15% | |
| S2 | 21.07 | -2.81% | ||
| S3 | 21.03 | -3.00% |
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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