TeleTech Holdings Stock Forecast
Stronger technical forecast for TeleTech Holdings stock price after Monday trading.
(Updated on Apr 29, 2024)
The TeleTech Holdings stock price gained 1.68% on the last trading day (Monday, 29th Apr 2024), rising from $7.72 to $7.85. During the last trading day the stock fluctuated 6.36% from a day low at $7.71 to a day high of $8.20. The price has fallen in 7 of the last 10 days and is down by -4.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 77 thousand more shares were traded than the day before. In total, 280 thousand shares were bought and sold for approximately $2.20 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $8.12 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -63.80% during the next 3 months and, with a 90% probability hold a price between $1.39 and $2.94 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.
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TTEC Signals & Forecast
There are mixed signals in the stock today. The TeleTech Holdings 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 $7.99 and $9.28. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.68%. 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.
Support, Risk & Stop-loss for TeleTech Holdings stock
TeleTech Holdings finds support from accumulated volume at $7.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.490 between high and low, or 6.36%. For the last week, the stock has had daily average volatility of 4.22%.
TeleTech Holdings is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TTEC) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TeleTech Holdings to open at $7.92, and during the day (based on 14 day Average True Range), to move between $7.34 and $8.36, which gives a possible trading interval of +/-$0.509 (+/-6.48%) up or down from last closing price. If TeleTech Holdings takes out the full calculated possible swing range there will be an estimated 12.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.76 (1.15%) than the resistance at $8.02 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TeleTech Holdings stock A Buy?
TeleTech Holdings holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.227 Sell Candidate Upgraded
Predicted Opening Price for TeleTech Holdings of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $7.92 ( 0.89%) | $7.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTEC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.41 | 7.13 % | |
| R2 | 8.22 | 4.75 % | ||
| R1 | 8.11 | 3.28 % | ||
| Current price: | 7.85 | |||
| Support | S1 | 7.73 | -1.49 % | |
| S2 | 7.62 | -2.97 % | ||
| S3 | 7.43 | -5.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.60 | 9.55 % | |
| R2 | 8.22 | 4.71 % | ||
| R1 | 8.02 | 2.17 % | ||
| Current price | 7.85 | |||
| Support | S1 | 7.76 | -1.15% | |
| S2 | 7.72 | -1.66% | ||
| S3 | 0 | . |
TTEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Apr 02, 2024 | Apr 30, 2024 | $0.0600 | 0.764% |
| 2 | Sep 28, 2023 | Oct 13, 2023 | Oct 31, 2023 | $0.520 | 2.53% |
| 3 | Feb 23, 2023 | Mar 30, 2023 | Apr 20, 2023 | $0.520 | 1.45% |
| 4 | Sep 26, 2022 | Oct 07, 2022 | Oct 26, 2022 | $0.520 | 1.18% |
| 5 | Feb 28, 2022 | Mar 30, 2022 | Apr 20, 2022 | $0.500 | 0.617% |
FAQ
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