TCP Capital Corp. Stock Forecast
Green day on Friday for TCP Capital Corp. stock after gaining 1.61%
(Updated on Apr 26, 2024)
The TCP Capital Corp. stock price gained 1.61% on the last trading day (Friday, 26th Apr 2024), rising from $9.93 to $10.09. During the last trading day the stock fluctuated 1.71% from a day low at $9.92 to a day high of $10.09. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 327 thousand shares were bought and sold for approximately $3.30 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.20 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.26% during the next 3 months and, with a 90% probability hold a price between $8.06 and $8.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TCPC Signals & Forecast
There are mixed signals in the stock today. The TCP Capital Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.19. On a fall, the stock will find some support from the short-term average at $10.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 1.92%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for TCP Capital Corp. stock
TCP Capital Corp. finds support from accumulated volume at $10.03 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 $0.170 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCPC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect TCP Capital Corp. to open at $10.03, and during the day (based on 14 day Average True Range), to move between $9.93 and $10.25, which gives a possible trading interval of +/-$0.156 (+/-1.54%) up or down from last closing price. If TCP Capital Corp. takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.10 (0.10%) than the support at $10.03 (0.59%), 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.
Earnings coming up
TCP Capital Corp. will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.450. We will update the financials statements for TCP Capital Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.54% in the first trading day after earnings release.
Is TCP Capital Corp. stock A Buy?
TCP Capital Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.879 Sell Candidate Unchanged
Predicted Opening Price for TCP Capital Corp. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $10.03 ( 0.562%) | $10.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.20 | 1.12 % | |
| R2 | 10.14 | 0.480 % | ||
| R1 | 10.10 | 0.0820 % | ||
| Current price: | 10.09 | |||
| Support | S1 | 9.97 | -1.21 % | |
| S2 | 9.93 | -1.60 % | ||
| S3 | 9.86 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.55 | 4.56 % | |
| R2 | 10.17 | 0.793 % | ||
| R1 | 10.10 | 0.0991 % | ||
| Current price | 10.09 | |||
| Support | S1 | 10.03 | -0.595% | |
| S2 | 10.02 | -0.694% | ||
| S3 | 9.90 | -1.88% |
TCPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 13, 2024 | Mar 29, 2024 | $0.340 | 3.26% |
| 2 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.590 | 5.11% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.440 | 3.75% |
| 4 | May 04, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.340 | 3.12% |
| 5 | Feb 28, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.320 | 3.11% |
FAQ
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