Tile Shop Holdings, Inc. Stock Forecast
Tile Shop Holdings, Inc. stock price down 1.40% on Thursday
(Updated on Apr 25, 2024)
The Tile Shop Holdings, Inc. stock price fell by -1.40% on the last day (Thursday, 25th Apr 2024) from $6.44 to $6.35. During the last trading day the stock fluctuated 1.32% from a day low at $6.31 to a day high of $6.39. The price has fallen in 7 of the last 10 days and is down by -7.84% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 44 thousand shares were bought and sold for approximately $280.06 thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $6.36. A reaction back to this level may hold a second chance to get out before further falls.
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TTSH Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.158%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tile Shop Holdings, Inc. 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 $6.47 and $6.78. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -4.34% to $6.07 within 22 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Tile Shop Holdings, Inc. stock
Tile Shop Holdings, Inc. finds support from accumulated volume at $6.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0830 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: $5.95 (-6.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TTSH) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Tile Shop Holdings, Inc. to open at $6.35, and during the day (based on 14 day Average True Range), to move between $6.12 and $6.58, which gives a possible trading interval of +/-$0.228 (+/-3.59%) up or down from last closing price. If Tile Shop Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 7.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.34 (0.16%) than the resistance at $6.82 (7.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tile Shop Holdings, Inc. stock A Buy?
Tile Shop Holdings, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.879 Hold/Accumulate Unchanged
Predicted Opening Price for Tile Shop Holdings, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $6.35 ( 0.0157%) | $6.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.43 | 1.29 % | |
| R2 | 6.40 | 0.792 % | ||
| R1 | 6.38 | 0.484 % | ||
| Current price: | 6.35 | |||
| Support | S1 | 6.32 | -0.515 % | |
| S2 | 6.30 | -0.82 % | ||
| S3 | 6.27 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.00 | 10.24 % | |
| R2 | 6.92 | 8.98 % | ||
| R1 | 6.82 | 7.40 % | ||
| Current price | 6.35 | |||
| Support | S1 | 6.34 | -0.157% | |
| S2 | 6.32 | -0.472% | ||
| S3 | 6.30 | -0.787% |
TTSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 04, 2021 | Nov 18, 2021 | Dec 03, 2021 | $0.650 | 8.90% |
| 2 | Jul 23, 2019 | Jul 26, 2019 | Aug 09, 2019 | $0.0500 | 2.07% |
| 3 | Apr 30, 2019 | May 03, 2019 | May 17, 2019 | $0.0500 | 1.10% |
| 4 | Feb 19, 2019 | Mar 01, 2019 | Mar 15, 2019 | $0.0500 | 0.82% |
| 5 | Oct 18, 2018 | Oct 26, 2018 | Nov 09, 2018 | $0.0500 | 0.790% |
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