Wednesday June 19, 2019 Change 0.00% Price £1 486.00
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will TEP.L stock price go up or down on Thu, 20 Jun 2019?

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Tallgrass Energy Partners LP Forecast and Stock Analysis

Technical TEP.L stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-11


No changes to the price of Tallgrass Energy Partners LP in the last trading day ( Wednesday, 19th Jun 2019 ). During day the stock fluctuated 0.00% from a day low at £1 486.00 to a day high of £1 486.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

Quick summary:

  • 30 day high of the TEP.L stock price was £1 520.00 and low was £1 422.00.
  • 90 day high was £1 538.00 and low was £1 362.00.
  • 52 week high for the Tallgrass Energy Partners LP - £1 538.00 and low - £14.14.

Trend

Given the current horizontal trend you can expect Tallgrass Energy Partners LP with 90% probability to be traded between £1 378.31 and £1 515.02 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

Tallgrass Energy Partners LP 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 £1 486.00 and £1 466.74. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

The stock had a Golden Star Signal* on Thursday July 05, 2018 in the medium-term chart.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Tallgrass Energy Partners LP finds support from accumulated volume at £1 482.00.

Support: £1 482.00 Price: £1 486.00 Resistance: £1 506.00

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.

Our recommended stoploss: £1 396.84 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 13 days ago.)

0.00 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Tallgrass Energy Partners LP holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate Upgraded

Will TEP.L stock price go up or down on Thu, 20 Jun 2019?

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