TravelCenters of America LLC 8.25% Senior Notes due 2028 Forecast and Stock Analysis
Technical TANNI stock analysis for February 14, 2019.
TravelCenters of America LLC 8.25% Senior Notes due 2028 fell by -0.43% in the last day from $25.82 to $25.71 and has now fallen 5 days in a row. The price has fallen in 7 of the last 10 days and is down by -4.42% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -15 922 shares and in total 3 699 shares bought and sold for approximately $95 101.30.
Close price at the end of the last trading day (Thursday, 14th Feb 2019) of the TANNI stock was $25.71. This is 0.43% less than the trading day before Wednesday, 13th Feb 2019.
During day the stock fluctuated 2.11% from a day low at $25.56 to a day high of $26.10.
30 day high of the TANNI stock price was $27.00 and low was $24.59.
90 day high was $27.00 and low was $23.85.
52 week high for the TravelCenters of America LLC 8.25% Senior Notes due 2028 - $27.00 and low - $22.17.
TravelCenters of America LLC 8.25% Senior Notes due 2028 lies in the middle of a 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 7.52% during the next 3 months and, with 90% probability hold a price between $27.00 and $29.26 at the end of this period.
TravelCenters of America LLC 8.25% Senior Notes due 2028 holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $26.20. On a fall, the stock will find some support from the long-term average at approximately $25.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday February 06, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
* 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.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
TravelCenters of America LLC 8.25% Senior Notes due 2028 finds support from accumulated volume at $24.85.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $24.31 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 6 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.