Tellurian Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Tellurian stock price on Tuesday moving between $0.395 and $0.446
(Updated on Apr 23, 2024)
The Tellurian stock price fell by -5.47% on the last day (Tuesday, 23rd Apr 2024) from $0.433 to $0.409. During the last trading day the stock fluctuated 12.91% from a day low at $0.395 to a day high of $0.446. The price has fallen in 8 of the last 10 days and is down by -29.66% for this period. Volume has increased on the last day by 19 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 43 million shares were bought and sold for approximately $17.80 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.60% during the next 3 months and, with a 90% probability hold a price between $0.248 and $0.84 at the end of this 3-month period.
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TELL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tellurian stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.429 and $0.633. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -58.21%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Tellurian stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.387 and $0.385. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tellurian finds support just below today's level at $0.387. If this is broken, then the next support from accumulated volume will be at $0.385 and $0.360.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0510 between high and low, or 12.91%. For the last week, the stock has had daily average volatility of 15.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TELL) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Tellurian Inc. to open at $0.417, and during the day (based on 14 day Average True Range), to move between $0.338 and $0.480, which gives a possible trading interval of +/-$0.0710 (+/-17.33%) up or down from last closing price. If Tellurian Inc. takes out the full calculated possible swing range there will be an estimated 34.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.387 (5.54%) than the resistance at $0.465 (13.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Tellurian will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for Tellurian, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.33% in the first trading day after earnings release.
Is Tellurian Inc. stock A Buy?
Tellurian holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.523 Strong Sell Candidate Downgraded
Predicted Opening Price for Tellurian Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.417 ( 1.81%) | $0.409 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TELL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.468 | 14.26 % | |
| R2 | 0.448 | 9.51 % | ||
| R1 | 0.436 | 6.57 % | ||
| Current price: | 0.409 | |||
| Support | S1 | 0.397 | -2.95 % | |
| S2 | 0.385 | -5.89 % | ||
| S3 | 0.366 | -10.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.507 | 23.91 % | |
| R2 | 0.477 | 16.61 % | ||
| R1 | 0.465 | 13.53 % | ||
| Current price | 0.409 | |||
| Support | S1 | 0.387 | -5.54% | |
| S2 | 0.385 | -5.96% | ||
| S3 | 0.360 | -12.04% |
FAQ
Click here for our free guide on how to buy Tellurian Stock.
