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AI Analysis of TVE.TO
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Tamarack Valley Energy Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 21.09% PDF

The Tamarack Valley Energy Ltd. stock price gained 1.61% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.73 to $3.79. During the last trading day the stock fluctuated 3.27% from a day low at $3.67 to a day high of $3.79. The price has risen in 6 of the last 10 days and is up by 5.87% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $4.59 million. 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 upper part of a wide and strong rising 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 $3.83 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.51% during the next 3 months and, with a 90% probability hold a price between $4.24 and $4.81 at the end of this 3-month period.

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TVE.TO Signals & Forecast

The Tamarack Valley Energy Ltd. 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 $3.75 and $3.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 9.54%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Tamarack Valley Energy Ltd. stock

Tamarack Valley Energy Ltd. finds support from accumulated volume at $3.73 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.120 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 2.62%.

Our recommended stop-loss: $3.65 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (TVE.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tamarack Valley Energy Ltd. to open at $3.75, and during the day (based on 14 day Average True Range), to move between $3.69 and $3.89, which gives a possible trading interval of +/-$0.101 (+/-2.66%) up or down from last closing price. If Tamarack Valley Energy Ltd. takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.73, some $0.0600 (1.58%) from the current price of $3.79, our system finds the risk reward attractive.

Is Tamarack Valley Energy Ltd. 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 Tamarack Valley Energy Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.426 Buy Candidate Upgraded

Predicted Opening Price for Tamarack Valley Energy Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.75 ( 1.06%) $3.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TVE.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.87 2.11 %
R2 3.82 0.90 %
R1 3.80 0.154 %
Current price: 3.79
Support S1 3.70 -2.26 %
S2 3.68 -3.01 %
S3 3.63 -4.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.79
Support S1 3.73 -1.58%
S2 3.13 -17.41%
S3 3.07 -19.00%

TVE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 15, 2024 $0.0125 0.330%
2 Feb 15, 2024 Feb 28, 2024 Mar 15, 2024 $0.0125 0.338%
3 Jan 16, 2024 Jan 30, 2024 Feb 15, 2024 $0.0125 0.399%
4 Dec 15, 2023 Dec 28, 2023 Jan 15, 2024 $0.0130 0.421%
5 Nov 15, 2023 Nov 29, 2023 Dec 15, 2023 $0.0130 0.432%

FAQ

What is the symbol for Tamarack Valley Energy Ltd. Stock and on which exchange is it traded?
The symbol for Tamarack Valley Energy Ltd. is TVE.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Tamarack Valley Energy Ltd. Stock?
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 Tamarack Valley Energy Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Tamarack Valley Energy Ltd. Stock?
Tamarack Valley Energy Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tamarack Valley Energy Ltd. Stock.

What's the current price of Tamarack Valley Energy Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Tamarack Valley Energy Ltd. (TVE.TO) share was $3.79.

What is the 52-week high and low for Tamarack Valley Energy Ltd. Stock?
The 52-week high for Tamarack Valley Energy Ltd. Stock is $4.35 and the 52-week low is $2.76.

What is the market capitalization of Tamarack Valley Energy Ltd. Stock?
As of the 2024-03-27, the market capitalization of Tamarack Valley Energy Ltd. is 2.11B.

When is the next earnings date for Tamarack Valley Energy Ltd.?
The upcoming earnings date for Tamarack Valley Energy Ltd. is May 09, 2024.
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About Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in the Clearwater assets covering an area of approximately 357 sections of land located in Alberta; Charlie Lake assets covering approximately 357 sections of land in the northwestern area of Alberta; Viking light oil play in central and southern Alberta and ... TVE.TO Profile

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