Turning Point Brands Inc Forecast and Stock Analysis
Technical TPB stock analysis for April 24, 2019.
|Shorts||2.25% ( 2019-03-29 )|
Turning Point Brands Inc fell by -1.38% in the last day from $43.60 to $43.00 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 0.02% over the past 2 weeks. Volume has increased in the last day by 23 021 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 110 189 shares bought and sold for approximately $4.74 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the TPB stock was $43.00. This is 1.38% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.68% from a day low at $42.76 to a day high of $43.48.
30 day high of the TPB stock price was $46.73 and low was $42.10.
90 day high was $50.07 and low was $31.67.
52 week high for the Turning Point Brands Inc - $50.07 and low - $20.48.
Turning Point Brands Inc has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $43.24. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Turning Point Brands Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $43.92 and $45.20. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday April 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Turning Point Brands Inc finds support from accumulated volume at $42.10.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.72 (1.68%) between high and low. For the last week, the stock has had a daily average volatility of 3.67%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
The Turning Point Brands Inc stock holds several negative signals and despite the positive trend we believe Turning Point Brands Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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|TPB $43.00 ($-0.60 -1.38%)|
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