Tile Shop Holdings, Inc. Stock Forecast
Stronger technical forecast for Tile Shop Holdings, Inc. stock price after Friday trading.
(Updated on May 03, 2024)
The Tile Shop Holdings, Inc. stock price gained 2.97% on the last trading day (Friday, 3rd May 2024), rising from $6.74 to $6.94. During the last trading day the stock fluctuated 2.27% from a day low at $6.83 to a day high of $6.99. The price has risen in 7 of the last 10 days and is up by 9.46% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 46 thousand shares were bought and sold for approximately $321.78 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 3.21% during the next 3 months and, with a 90% probability hold a price between $6.58 and $7.42 at the end of this 3-month period.
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TTSH Signals & Forecast
The Tile Shop Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.69 and $6.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.46%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Tile Shop Holdings, Inc. stock
Tile Shop Holdings, Inc. finds support from accumulated volume at $6.92 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 $0.155 between high and low, or 2.27%. For the last week the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: $6.69 (-3.55%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (TTSH) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Tile Shop Holdings, Inc. to open at $6.92, and during the day (based on 14 day Average True Range), to move between $6.71 and $7.17, which gives a possible trading interval of +/-$0.230 (+/-3.32%) 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 6.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.95 (0.14%) than the support at $6.92 (0.29%), 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 Tile Shop Holdings, Inc. stock A Buy?
Tile Shop Holdings, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.129 Hold/Accumulate Upgraded
Predicted Opening Price for Tile Shop Holdings, Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$6.92 ( 0.312%) | $6.94 |
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 | 7.07 | 1.92 % | |
R2 | 7.01 | 1.07 % | ||
R1 | 6.98 | 0.541 % | ||
Current price: | 6.94 | |||
Support | S1 | 6.86 | -1.17 % | |
S2 | 6.82 | -1.69 % | ||
S3 | 6.76 | -2.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.03 | 1.30 % | |
R2 | 7.00 | 0.86 % | ||
R1 | 6.95 | 0.144 % | ||
Current price | 6.94 | |||
Support | S1 | 6.92 | -0.288% | |
S2 | 6.82 | -1.73% | ||
S3 | 6.61 | -4.76% |
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% |
FAQ
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