Tennessee Valley Authority Stock Forecast
Tennessee Valley Authority stock price ended at $22.69 on Friday, after losing 0.0441%.
(Updated on Jun 28, 2024)
The Tennessee Valley Authority stock price fell by -0.0441% on the last day (Friday, 28th Jun 2024) from $22.70 to $22.69. During the last trading day the stock fluctuated 2.67% from a day low at $22.46 to a day high of $23.06. The price has risen in 6 of the last 10 days and is up by 2.02% over the past 2 weeks. Volume has increased on the last day by 29 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, 68 thousand shares were bought and sold for approximately $1.54 million.
The stock lies in the middle of a narrow 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 2.05% during the next 3 months and, with a 90% probability hold a price between $22.68 and $23.28 at the end of this 3-month period.
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TVC Signals & Forecast
The Tennessee Valley Authority 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 $22.47 and $22.27. 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 Thursday, June 27, 2024, and so far it has fallen -0.0441%. 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. The stock had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should fall by -3.44% to $21.91 within 18 trading days since signal was issued (Wednesday, July 24, 2024).
Support, Risk & Stop-loss for Tennessee Valley Authority stock
Tennessee Valley Authority finds support from accumulated volume at $22.67 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 $0.600 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: $22.15 (-2.39%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (TVC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tennessee Valley Authority to open at $22.74, and during the day (based on 14 day Average True Range), to move between $22.47 and $22.91, which gives a possible trading interval of +/-$0.220 (+/-0.97%) up or down from last closing price. If Tennessee Valley Authority takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.70 (0.04%) than the support at $22.67 (0.09%), 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 Tennessee Valley Authority 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 Tennessee Valley Authority stock to perform well in the short-term.
Current score: 2.027 Buy Candidate Unchanged
Predicted Opening Price for Tennessee Valley Authority of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $22.74 ( 0.206%) | $22.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TVC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.34 | 2.85% |
| R2 | 23.11 | 1.84% |
| R1 | 22.97 | 1.22% |
| Price | 22.69 | |
| S1 | 22.51 | -0.80% |
| S2 | 22.37 | -1.43% |
| S3 | 22.14 | -2.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 22.70 | 0.0441% |
| Price | 22.69 | |
| S1 | 22.67 | -0.0881% |
| S2 | 22.24 | -1.98% |
| S3 | 22.15 | -2.38% |
TVC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 03, 2024 | $0.133 | 0.592% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.133 | 0.600% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.133 | 0.604% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 01, 2023 | $0.133 | 0.612% |
| 5 | Aug 07, 2023 | May 30, 2023 | Jun 01, 2023 | $0.133 | 0.596% |
FAQ
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