RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Friday for TerraForm Power stock after losing 0%
(Updated on Sep 04, 2020)

Hold candidate since Aug 03, 2020 PDF

No changes to the price of TerraForm Power stock on the last trading day (Friday, 4th Sep 2020). During the last trading day the stock fluctuated 0% from a day low at $19.35 to a day high of $19.35. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a wide and weak 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 4.59% during the next 3 months and, with a 90% probability hold a price between $19.27 and $23.34 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

TERP Signals & Forecast

There are mixed signals in the stock today. The TerraForm Power 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 $19.35 and $19.70. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Thursday, July 30, 2020, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for TerraForm Power stock

TerraForm Power finds support from accumulated volume at $19.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $18.19 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (TERP) For The Upcoming Trading Day Of Tuesday 8th

For the upcoming trading day on Tuesday, 8th we expect TerraForm Power to open at $19.35, and during the day (based on 14 day Average True Range), to move between $19.23 and $19.47, which gives a possible trading interval of +/-$0.118 (+/-0.61%) up or down from last closing price. If TerraForm Power takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.00 (1.81%) than the resistance at $19.74 (2.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TerraForm Power stock A Buy?

TerraForm Power holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for TerraForm Power of Tuesday, September 8, 2020

Fair opening price September 8, 2020 Current price
$19.35 ( 0%) $19.35

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TERP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.35 .
R2 19.35 .
R1 19.35 .
Current price: 19.35
Support S1 19.35 .
S2 19.35 .
S3 19.35 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.07 8.89 %
R2 20.81 7.55 %
R1 19.74 2.02 %
Current price 19.35
Support S1 19.00 -1.81%
S2 18.10 -6.46%
S3 18.07 -6.61%

FAQ

What is the symbol for TerraForm Power Stock and on which exchange is it traded?
The symbol for TerraForm Power is TERP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell TerraForm Power Stock?
TerraForm Power holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy TerraForm Power Stock?
TerraForm Power Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TerraForm Power Stock.

What's the current price of TerraForm Power Stock?
As of the end of day on the 2020-09-04, the price of an TerraForm Power (TERP) share was $19.35.

What is the 52-week high and low for TerraForm Power Stock?
The 52-week high for TerraForm Power Stock is $21.98 and the 52-week low is $11.40.
Click to get the best stock tips daily for free!

About TerraForm Power

TerraForm Power, Inc. owns and operates solar and wind generation assets serving utility, commercial, and residential customers. As of February 20, 2015, its portfolio consisted of solar and wind projects located in the United States, Canada, the United Kingdom, and Chile with an aggregate nameplate capacity of 1,507.3 megawatt. The company was formerly known as SunEdison Yieldco, Inc. and changed its name to TerraForm Power, Inc. in May 2014. Th... TERP Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT