Tallgrass Energy Partners LP 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
Tallgrass Energy Partners LP stock downgraded to Buy Candidate
(Updated on Apr 23, 2024)
No changes to the price of Tallgrass Energy Partners LP stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 1.44% from a day low at £1,672.00 to a day high of £1,696.00. The price has fallen in 6 of the last 10 days but is still up by 1.94% over the past 2 weeks.
The stock lies in the upper part of a strong rising 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 £1,682.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.47% during the next 3 months and, with a 90% probability hold a price between £1,884.24 and £1,992.97 at the end of this 3-month period.
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TEP.L Signals & Forecast
The Tallgrass Energy Partners LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £1,636.00 and £1,582.80. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 22, 2024, and so far it has fallen 0%. 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.
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 £24.00 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: £1,612.22 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TEP.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Tallgrass Energy Partners LP to open at £1,682.00, and during the day (based on 14 day Average True Range), to move between £1,635.95 and £1,720.05, which gives a possible trading interval of +/-£42.05 (+/-2.51%) 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 5.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,462.00, some £216.00 (12.87%) from the current price of £1,678.00, our system finds the risk reward attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.198 Buy Candidate Downgraded
Predicted Opening Price for Tallgrass Energy Partners LP of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £1,682.00 ( 0.238%) | £1,678.00 |
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 | 1,706.00 | 1.67 % | |
| R2 | 1,696.83 | 1.12 % | ||
| R1 | 1,691.17 | 0.785 % | ||
| Current price: | 1,678.00 | |||
| Support | S1 | 1,672.83 | -0.308 % | |
| S2 | 1,667.17 | -0.646 % | ||
| S3 | 1,658.00 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,678.00 | |||
| Support | S1 | 1,462.00 | -12.87% | |
| S2 | 1,424.00 | -15.14% | ||
| S3 | 1,400.00 | -16.57% |
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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