Weaker Buy Today TPB ranks #128 as BUY CANDIDATE #128 Stronger Buy

TPB stock forecast Turning Point Brands Inc

TPB stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

TPB Forecast and Technical Stock Analysis

Buy candidate since 2019-07-18

Turning Point Brands Inc gained 4.87% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $52.15 to $54.69 During day the stock fluctuated 5.69% from a day low at $52.03 to a day high of $54.99. The price has been going up and down for this period, and there has been a 4.79% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 32 039 more shares were traded than the day before. In total, 136 715 shares bought and sold for approximately $7.48 million.

Quick summary:

  • 30 day high of the TPB stock price was $57.06 and low was $46.60.
  • 90 day high was $57.06 and low was $40.76.
  • 52 week high for the Turning Point Brands Inc - $57.06 and low - $26.39.
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Trend

Turning Point Brands Inc lies in the middle of a wide and 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 10.6% during the next 3 months and, with 90% probability hold a price between $51.26 and $64.01 at the end of this period.

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Signals

Only positive signals in the chart today. Turning Point Brands Inc 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 $52.77 and $51.07. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Turning Point Brands Inc finds support from accumulated volume at $53.24.

Support: $53.24 Price: $54.69

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.96 between high and low, or 5.69%. For the last week, the stock has had a daily average volatility of 3.73%.

Our recommended stoploss: $52.53 (-3.95%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 3 days ago.)

3.73 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

Turning Point Brands Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Weaker Buy Today TPB ranks #128 as BUY CANDIDATE #128 Stronger Buy

Will TPB stock price go up or down on Mon, 22 Jul 2019?

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