The Carlyle Group L.P. Forecast and Stock Analysis
Technical TCGP stock analysis for Wednesday June 19, 2019.
The Carlyle Group L.P. gained 1.00% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $24.08 to $24.32 During day the stock fluctuated 1.00% from a day low at $24.11 to a day high of $24.35. The price has risen in 6 of the last 10 days and is up by 3.53% over the past 2 weeks. Volume fell in the last day by -10 677 shares, and in total, 39 908 shares bought and sold for approximately $970 563.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the TCGP stock price was $24.35 and low was $23.42.
- 90 day high was $24.35 and low was $22.34.
- 52 week high for the The Carlyle Group L.P. - $24.58 and low - $19.05.
The Carlyle Group L.P. lies in the middle of a narrow and 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 5.97% during the next 3 months and, with 90% probability hold a price between $25.12 and $26.20 at the end of this period.
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 $23.97 and $23.89. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 31, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
The Carlyle Group L.P. finds support from accumulated volume at $23.75.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $23.15 (-4.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 13 days ago.)
0.94 %Average volatility
Very Low Low Medium High Very High
The Carlyle Group L.P. holds several positive signals and is within a weak 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. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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