The Carlyle Group L.P. Forecast and Stock Analysis
Technical TCGP stock analysis for March 26, 2019.
The Carlyle Group L.P. fell by -0.09% in the last day from $22.54 to $22.52 The price has been going up and down for this period, and there has been a 1.35% gain for the last 2 weeks. 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 -27 394 shares and in total 19 851 shares bought and sold for approximately $447 045.00.
Close price at the end of the last trading day (Tuesday, 26th Mar 2019) of the TCGP stock was $22.52. This is 0.09% less than the trading day before Monday, 25th Mar 2019.
During day the stock fluctuated 0.72% from a day low at $22.41 to a day high of $22.57.
30 day high of the TCGP stock price was $22.69 and low was $22.00.
90 day high was $22.76 and low was $19.23.
52 week high for the The Carlyle Group L.P. - $24.58 and low - $19.05.
The Carlyle Group L.P. has broken the narrow and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $22.59. A reaction back to this level may hold a second chance to get out before further falls.
The Carlyle Group L.P. holds buy signals from both short- and long-term moving averages. In addition, 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 $22.48 and $22.39. A break down below any of these levels will issue sell signals. 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 Monday March 25, 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.
* 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 61 and the stock is currently not being overbought or oversold
Support & Resistance
The Carlyle Group L.P. finds support from accumulated volume at $22.44.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $21.65 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 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.