Tekla Healthcare Opportunies Fund Stock Forecast
Tekla Healthcare Opportunies Fund stock price ended at $19.08 on Thursday, after losing 0.209%.
(Updated on Apr 18, 2024)
The Tekla Healthcare Opportunies Fund stock price fell by -0.209% on the last day (Thursday, 18th Apr 2024) from $19.12 to $19.08. During the last trading day the stock fluctuated 1.04% from a day low at $19.03 to a day high of $19.23. The price has been going up and down for this period, and there has been a -1.29% loss for the last 2 weeks. Volume has increased on the last day by 28 thousand 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, 104 thousand shares were bought and sold for approximately $1.98 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.53% during the next 3 months and, with a 90% probability hold a price between $20.01 and $21.88 at the end of this 3-month period.
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THQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.01%. Further rise is indicated 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. The Tekla Healthcare Opportunies Fund 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 $19.12 and $19.68. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tekla Healthcare Opportunies Fund stock
Tekla Healthcare Opportunies Fund finds support from accumulated volume at $18.57 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.198 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THQ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Tekla Healthcare Opportunies Fund to open at $19.11, and during the day (based on 14 day Average True Range), to move between $18.81 and $19.35, which gives a possible trading interval of +/-$0.274 (+/-1.44%) up or down from last closing price. If Tekla Healthcare Opportunies Fund takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.56 (2.52%) than the support at $18.57 (2.67%), 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 Tekla Healthcare Opportunies Fund stock A Buy?
The Tekla Healthcare Opportunies Fund stock holds several negative signals and despite the positive trend, we believe Tekla Healthcare Opportunies Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.128 Sell Candidate Unchanged
Predicted Opening Price for Tekla Healthcare Opportunies Fund of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $19.11 ( 0.179%) | $19.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.31 | 1.22 % | |
| R2 | 19.24 | 0.82 % | ||
| R1 | 19.19 | 0.575 % | ||
| Current price: | 19.08 | |||
| Support | S1 | 19.04 | -0.217 % | |
| S2 | 18.99 | -0.462 % | ||
| S3 | 18.92 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.16 | 5.66 % | |
| R2 | 19.83 | 3.93 % | ||
| R1 | 19.56 | 2.52 % | ||
| Current price | 19.08 | |||
| Support | S1 | 18.57 | -2.67% | |
| S2 | 18.16 | -4.82% | ||
| S3 | 18.10 | -5.14% |
THQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.180 | 0.94% |
| 2 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.180 | 0.90% |
| 3 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.180 | 0.91% |
| 4 | Jan 10, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.113 | 0.619% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.113 | 0.597% |
FAQ
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