Tallgrass Energy Partners LP Stock Forecast
Tallgrass Energy Partners LP stock price ended at £1,616.00 on Friday, after gaining 1.89%.
(Updated on Apr 19, 2024)
The Tallgrass Energy Partners LP stock price gained 1.89% on the last trading day (Friday, 19th Apr 2024), rising from £1,586.00 to £1,616.00. During the last trading day the stock fluctuated 3.59% from a day low at £1,563.88 to a day high of £1,620.00. The price has fallen in 7 of the last 10 days and is down by -0.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 thousand more shares were traded than the day before. In total, 115 thousand shares were bought and sold for approximately £185.71 million.
The stock lies in the middle of a strong 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 16.01% during the next 3 months and, with a 90% probability hold a price between £1,807.37 and £1,965.04 at the end of this 3-month period.
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TEP.L Signals & Forecast
The Tallgrass Energy Partners LP stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £1,624.57. On a fall, the stock will find some support from the long-term average at approximately £1,571.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tallgrass Energy Partners LP stock
On the downside, the stock finds support just below today's level from accumulated volume at £1,462.00 and £1,424.00. 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, Tallgrass Energy Partners LP finds support just below today's level at £1,462.00. If this is broken, then the next support from accumulated volume will be at £1,424.00 and £1,400.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £56.12 (3.59%) between high and low. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: £1,541.29 (-4.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (TEP.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tallgrass Energy Partners LP to open at £1,599.96, and during the day (based on 14 day Average True Range), to move between £1,574.03 and £1,657.97, which gives a possible trading interval of +/-£41.97 (+/-2.60%) up or down from last closing price. If Tallgrass Energy Partners LP takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,622.00 (0.37%) than the support at £1,462.00 (9.53%), 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.
Is Tallgrass Energy Partners LP stock A Buy?
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 Tallgrass Energy Partners LP stock to perform well in the short-term.
Current score: 3.786 Buy Candidate Unchanged
Predicted Opening Price for Tallgrass Energy Partners LP of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £1,599.96 ( 0.99%) | £1,616.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,656.08 | 2.48 % | |
| R2 | 1,634.64 | 1.15 % | ||
| R1 | 1,621.40 | 0.334 % | ||
| Current price: | 1,616.00 | |||
| Support | S1 | 1,578.52 | -2.32 % | |
| S2 | 1,565.28 | -3.14 % | ||
| S3 | 1,543.84 | -4.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,656.00 | 2.48 % | |
| R2 | 1,646.00 | 1.86 % | ||
| R1 | 1,622.00 | 0.371 % | ||
| Current price | 1,616.00 | |||
| Support | S1 | 1,462.00 | -9.53% | |
| S2 | 1,424.00 | -11.88% | ||
| S3 | 1,400.00 | -13.37% |
TEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £46.00 | 2.71% |
| 3 | Nov 22, 2022 | Dec 01, 2022 | Dec 16, 2022 | £34.00 | 1.49% |
| 4 | Jun 21, 2022 | Jul 14, 2022 | Aug 05, 2022 | £30.00 | 1.40% |
| 5 | Nov 23, 2021 | Dec 02, 2021 | Dec 17, 2021 | £27.00 | 1.73% |
FAQ
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