Townsquare Media Inc Stock Forecast
Green day on Thursday for Townsquare Media Inc stock after gaining 0.366%
(Updated on Mar 28, 2024)
The Townsquare Media Inc stock price gained 0.366% on the last trading day (Thursday, 28th Mar 2024), rising from $10.94 to $10.98. During the last trading day the stock fluctuated 2.20% from a day low at $10.91 to a day high of $11.15. The price has been going up and down for this period, and there has been a 5.98% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 83 thousand shares were bought and sold for approximately $907.29 thousand. 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 stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.87% during the next 3 months and, with a 90% probability hold a price between $10.71 and $11.86 at the end of this 3-month period.
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TSQ Signals & Forecast
The Townsquare Media 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 $10.88 and $10.74. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -1.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Townsquare Media Inc stock
Townsquare Media Inc finds support from accumulated volume at $10.94 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.240 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: $10.58 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (TSQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Townsquare Media Inc to open at $11.01, and during the day (based on 14 day Average True Range), to move between $10.58 and $11.38, which gives a possible trading interval of +/-$0.401 (+/-3.66%) up or down from last closing price. If Townsquare Media Inc takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.02 (0.36%) than the support at $10.94 (0.36%), 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.
Is Townsquare Media Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Townsquare Media Inc stock to perform well in the short-term.
Current score: 4.001 Buy Candidate Unchanged
Predicted Opening Price for Townsquare Media Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.01 ( 0.304%) | $10.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSQ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.25 | 2.49 % | |
R2 | 11.16 | 1.65 % | ||
R1 | 11.11 | 1.14 % | ||
Current price: | 10.98 | |||
Support | S1 | 10.92 | -0.531 % | |
S2 | 10.87 | -1.05 % | ||
S3 | 10.77 | -1.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.10 | 1.09 % | |
R2 | 11.03 | 0.455 % | ||
R1 | 11.02 | 0.364 % | ||
Current price | 10.98 | |||
Support | S1 | 10.94 | -0.364% | |
S2 | 10.57 | -3.73% | ||
S3 | 10.56 | -3.83% |
TSQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Apr 04, 2024 | May 01, 2024 | $0.198 | 1.80% |
2 | Nov 09, 2023 | Dec 29, 2023 | Feb 01, 2024 | $0.188 | 1.70% |
3 | Aug 09, 2023 | Sep 29, 2023 | Nov 01, 2023 | $0.188 | 2.22% |
4 | May 10, 2023 | Jun 29, 2023 | Aug 01, 2023 | $0.188 | 1.62% |
5 | Mar 09, 2023 | Mar 24, 2023 | May 01, 2023 | $0.188 | 2.01% |
FAQ
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