TerraVest Industries Inc. Stock Forecast
TerraVest Industries Inc. stock upgraded to Buy Candidate.
(Updated on Jun 05, 2024)
The TerraVest Industries Inc. stock price gained 1.13% on the last trading day (Wednesday, 5th Jun 2024), rising from $74.66 to $75.50. During the last trading day the stock fluctuated 1.96% from a day low at $75.03 to a day high of $76.50. The price has been going up and down for this period, and there has been a -3.21% loss for the last 2 weeks. Volume fell on the last day by -35 thousand shares and in total, 20 thousand shares were bought and sold for approximately $1.47 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $74.80 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 41.78% during the next 3 months and, with a 90% probability hold a price between $106.05 and $124.04 at the end of this 3-month period.
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TVK.TO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -5.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The TerraVest Industries Inc. 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 $75.03 and $74.93. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for TerraVest Industries Inc. stock
TerraVest Industries Inc. finds support from accumulated volume at $73.00 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 $1.47 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: $71.51 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (TVK.TO) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect TerraVest Industries Inc. to open at $75.68, and during the day (based on 14 day Average True Range), to move between $73.14 and $77.86, which gives a possible trading interval of +/-$2.36 (+/-3.13%) up or down from last closing price. If TerraVest Industries Inc. takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $78.00 (3.31%) than the support at $73.00 (3.31%), 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 TerraVest Industries Inc. 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 TerraVest Industries Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.566 Buy Candidate Upgraded
Predicted Opening Price for TerraVest Industries Inc. of Thursday, June 6, 2024
| Fair opening price June 6, 2024 | Current price |
|---|---|
| $75.68 ( 0.234%) | $75.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TVK.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 77.15 | 2.18% |
| R2 | 76.59 | 1.44% |
| R1 | 76.24 | 0.98% |
| Price | 75.50 | |
| S1 | 75.12 | -0.510% |
| S2 | 74.77 | -0.97% |
| S3 | 74.21 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.12 | 6.12% |
| R2 | 79.51 | 5.31% |
| R1 | 78.00 | 3.31% |
| Price | 75.50 | |
| S1 | 73.00 | -3.31% |
| S2 | 69.50 | -7.95% |
| S3 | 68.49 | -9.28% |
TVK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2024 | Jun 30, 2024 | Jul 10, 2024 | $0.150 | 0.199% |
| 2 | Jun 28, 2024 | Jun 28, 2024 | Jul 10, 2024 | $0.150 | 0.199% |
| 3 | Feb 08, 2024 | Mar 27, 2024 | Mar 31, 2024 | $0.150 | 0.250% |
| 4 | Dec 13, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.150 | 0.335% |
| 5 | Aug 11, 2023 | Sep 28, 2023 | Oct 10, 2023 | $0.125 | 0.336% |
FAQ
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