RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for Turning Point Brands Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 28, 2024 Gain 18.67% PDF

The Turning Point Brands Inc stock price gained 0.205% on the last trading day (Thursday, 28th Mar 2024), rising from $29.24 to $29.30. During the last trading day the stock fluctuated 1.69% from a day low at $29.05 to a day high of $29.54. The price has risen in 5 of the last 10 days and is up by 5.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 96 thousand shares were bought and sold for approximately $2.82 million.

The stock lies in the upper part of a wide and 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 $29.76 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.05% during the next 3 months and, with a 90% probability hold a price between $27.02 and $33.64 at the end of this 3-month period.

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TPB Signals & Forecast

The Turning Point Brands Inc 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 $29.07 and $25.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 32.28%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Turning Point Brands Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $27.65 and $24.69. 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, Turning Point Brands Inc finds support just below today's level at $27.65. If this is broken, then the next support from accumulated volume will be at $24.69 and $22.94.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.490 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 1.60%.

The Turning Point Brands Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $28.28 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (TPB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Turning Point Brands Inc to open at $29.30, and during the day (based on 14 day Average True Range), to move between $28.57 and $30.03, which gives a possible trading interval of +/-$0.726 (+/-2.48%) up or down from last closing price. If Turning Point Brands Inc takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $27.65, some $1.65 (5.63%) from the current price of $29.30, our system finds the risk reward attractive.

Is Turning Point Brands Inc stock A Buy?

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 analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.511 Strong Buy Candidate Upgraded

Predicted Opening Price for Turning Point Brands Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$29.30 ( 0.0114%) $29.30

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

Trading levels for TPB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.79 1.66 %
R2 29.60 1.02 %
R1 29.48 0.627 %
Current price: 29.30
Support S1 29.11 -0.650 %
S2 28.99 -1.04 %
S3 28.81 -1.68 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 29.30
Support S1 27.65 -5.63%
S2 24.69 -15.73%
S3 22.94 -21.71%

TPB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Mar 21, 2024 Apr 12, 2024 $0.0700 0.239%
2 Nov 01, 2023 Dec 14, 2023 Jan 05, 2024 $0.0700 0.272%
3 Aug 02, 2023 Sep 14, 2023 Oct 06, 2023 $0.0650 0.285%
4 May 03, 2023 Jun 15, 2023 Jul 07, 2023 $0.0650 0.272%
5 Feb 23, 2023 Mar 16, 2023 Apr 07, 2023 $0.0650 0.313%

FAQ

What is the symbol for Turning Point Brands Inc Stock and on which exchange is it traded?
The symbol for Turning Point Brands Inc is TPB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Turning Point Brands Inc Stock?
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 analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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

What's the current price of Turning Point Brands Inc Stock?
As of the end of day on the 2024-03-28, the price of an Turning Point Brands Inc (TPB) share was $29.30.

What is the 52-week high and low for Turning Point Brands Inc Stock?
The 52-week high for Turning Point Brands Inc Stock is $29.86 and the 52-week low is $19.67.

What is the market capitalization of Turning Point Brands Inc Stock?
As of the 2024-03-28, the market capitalization of Turning Point Brands Inc is 516.204M.

When is the next earnings date for Turning Point Brands Inc?
The upcoming earnings date for Turning Point Brands Inc is May 01, 2024.
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About Turning Point Brands Inc

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker's Products segment manufactures and markets ... TPB Profile

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