TCG BDC Inc Stock Forecast
Green day on Wednesday for TCG BDC Inc stock after gaining 0.530%
(Updated on Apr 24, 2024)
The TCG BDC Inc stock price gained 0.530% on the last trading day (Wednesday, 24th Apr 2024), rising from $16.99 to $17.08. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.90% from a day low at $16.85 to a day high of $17.17. The price has risen in 8 of the last 10 days and is up by 4.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 443 thousand more shares were traded than the day before. In total, 674 thousand shares were bought and sold for approximately $11.52 million.
The stock lies in the middle of a strong 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 11.07% during the next 3 months and, with a 90% probability hold a price between $17.96 and $19.25 at the end of this 3-month period.
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CGBD Signals & Forecast
Mostly positive signals in the chart today. The TCG BDC 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 $16.73 and $16.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 15.41%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for TCG BDC Inc stock
TCG BDC Inc finds support from accumulated volume at $16.38 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 $0.320 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $16.51 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (CGBD) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TCG BDC Inc to open at $17.03, and during the day (based on 14 day Average True Range), to move between $16.84 and $17.32, which gives a possible trading interval of +/-$0.244 (+/-1.43%) up or down from last closing price. If TCG BDC Inc takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.38, some $0.700 (4.10%) from the current price of $17.08, our system finds the risk reward attractive.
Is TCG BDC Inc stock A Buy?
TCG BDC Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.891 Strong Buy Candidate Unchanged
Predicted Opening Price for TCG BDC Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $17.03 ( 0.273%) | $17.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGBD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.35 | 1.60 % | |
| R2 | 17.23 | 0.88 % | ||
| R1 | 17.16 | 0.442 % | ||
| Current price: | 17.08 | |||
| Support | S1 | 16.91 | -0.99 % | |
| S2 | 16.84 | -1.43 % | ||
| S3 | 16.71 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 17.08 | |||
| Support | S1 | 16.38 | -4.10% | |
| S2 | 16.28 | -4.68% | ||
| S3 | 16.22 | -5.04% |
CGBD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 27, 2024 | Apr 17, 2024 | $0.480 | 2.91% |
| 2 | Nov 02, 2023 | Dec 28, 2023 | Jan 18, 2024 | $0.440 | 2.86% |
| 3 | Aug 08, 2023 | Sep 28, 2023 | Oct 17, 2023 | $0.440 | 3.06% |
| 4 | May 04, 2023 | Jun 29, 2023 | Jul 18, 2023 | $0.440 | 2.85% |
| 5 | Feb 21, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.440 | 3.20% |
FAQ
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