Tutor Perini Corporation Stock Forecast
Red day on Friday for Tutor Perini Corporation
(Updated on Apr 19, 2024)
The Tutor Perini Corporation stock price fell by -0.747% on the last day (Friday, 19th Apr 2024) from $13.38 to $13.28. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 3.57% from a day low at $13.15 to a day high of $13.61. The price has fallen in 9 of the last 10 days and is down by -15.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 410 thousand shares were bought and sold for approximately $5.45 million.
Given the current short-term trend, the stock is expected to rise 79.62% during the next 3 months and, with a 90% probability hold a price between $23.85 and $31.12 at the end of this 3-month period.
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TPC Signals & Forecast
There are few to no technical positive signals at the moment. The Tutor Perini Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.65 and $13.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -16.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Tutor Perini Corporation stock
Tutor Perini Corporation finds support from accumulated volume at $12.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.469 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TPC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tutor Perini Corporation to open at $13.35, and during the day (based on 14 day Average True Range), to move between $12.67 and $13.89, which gives a possible trading interval of +/-$0.609 (+/-4.58%) up or down from last closing price. If Tutor Perini Corporation takes out the full calculated possible swing range there will be an estimated 9.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.91 (2.79%) than the resistance at $14.46 (8.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Tutor Perini Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.180. We will update the financials statements for Tutor Perini Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.00% in the first trading day after earnings release.
Is Tutor Perini Corporation stock A Buy?
The Tutor Perini Corporation stock holds several negative signals and despite the positive trend, we believe Tutor Perini Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.472 Sell Candidate Unchanged
Predicted Opening Price for Tutor Perini Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $13.35 ( 0.499%) | $13.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.81 | 4.03 % | |
| R2 | 13.64 | 2.68 % | ||
| R1 | 13.53 | 1.85 % | ||
| Current price: | 13.28 | |||
| Support | S1 | 13.17 | -0.85 % | |
| S2 | 13.06 | -1.68 % | ||
| S3 | 12.88 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.84 | 19.28 % | |
| R2 | 15.39 | 15.89 % | ||
| R1 | 14.46 | 8.89 % | ||
| Current price | 13.28 | |||
| Support | S1 | 12.91 | -2.79% | |
| S2 | 12.80 | -3.61% | ||
| S3 | 11.33 | -14.68% |
TPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 26, 2010 | Nov 02, 2010 | Nov 12, 2010 | $1.00 | 4.51% |
| 2 | Sep 20, 1990 | Nov 20, 1990 | Dec 18, 1990 | $0.200 | 2.71% |
| 3 | May 21, 1990 | Aug 22, 1990 | Sep 17, 1990 | $0.200 | 1.33% |
| 4 | Mar 22, 1990 | May 21, 1990 | Jun 15, 1990 | $0.200 | 0.730% |
| 5 | Dec 07, 1989 | Feb 16, 1990 | Mar 15, 1990 | $0.200 | 0.604% |
FAQ
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