TPG Specialty Lending Inc Stock Forecast
TPG Specialty Lending Inc stock downgraded to Sell Candidate
(Updated on May 02, 2024)
The TPG Specialty Lending Inc stock price fell by -4.09% on the last day (Thursday, 2nd May 2024) from $21.78 to $20.89. During the last trading day the stock fluctuated 4.97% from a day low at $20.73 to a day high of $21.76. The price has risen in 5 of the last 10 days and is up by 0.29% over the past 2 weeks. Volume has increased on the last day by 670 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, 1 million shares were bought and sold for approximately $21.07 million.
The stock lies in the middle of a 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 -2.34% during the next 3 months and, with a 90% probability hold a price between $19.77 and $21.26 at the end of this 3-month period.
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TSLX 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 TPG Specialty Lending Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.43 and $21.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -4.09%. 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.
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 5.94% to $22.13 within 22 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for TPG Specialty Lending Inc stock
TPG Specialty Lending Inc finds support from accumulated volume at $20.88 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 $1.03 between high and low, or 4.97%. For the last week the stock has had daily average volatility of 2.31%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect TPG Specialty Lending Inc to open at $21.13, and during the day (based on 14 day Average True Range), to move between $20.56 and $21.22, which gives a possible trading interval of +/-$0.333 (+/-1.59%) 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 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.88 (0.05%) than the resistance at $21.03 (0.67%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.214 Sell Candidate Downgraded
Predicted Opening Price for TPG Specialty Lending Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $21.13 ( 1.13%) | $20.89 |
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 | 22.16 | 6.06 % | |
| R2 | 21.76 | 4.18 % | ||
| R1 | 21.52 | 3.02 % | ||
| Current price: | 20.89 | |||
| Support | S1 | 20.73 | -0.751 % | |
| S2 | 20.49 | -1.91 % | ||
| S3 | 20.10 | -3.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.43 | 2.58 % | |
| R2 | 21.07 | 0.86 % | ||
| R1 | 21.03 | 0.670 % | ||
| Current price | 20.89 | |||
| Support | S1 | 20.88 | -0.0479% | |
| S2 | 20.86 | -0.144% | ||
| S3 | 20.72 | -0.81% |
TSLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.460 | 2.20% |
| 2 | Feb 15, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.460 | 2.15% |
| 3 | Feb 15, 2024 | Feb 28, 2024 | Mar 20, 2024 | $0.0800 | 0.385% |
| 4 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.460 | 2.13% |
| 5 | Nov 02, 2023 | Nov 29, 2023 | Dec 20, 2023 | $0.0700 | 0.332% |
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