TPIC Forecast and Technical Stock AnalysisBuy candidate since 2019-07-18
TPI Composites Inc gained 1.13% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $25.58 to $25.87 During day the stock fluctuated 2.53% from a day low at $25.31 to a day high of $25.95. The price has risen in 8 of the last 10 days and is up by 5.68% over the past 2 weeks. Volume fell in the last day by -24 138 shares, and in total, 251 465 shares bought and sold for approximately $6.51 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the TPIC stock price was $26.28 and low was $23.58.
- 90 day high was $31.18 and low was $19.54.
- 52 week high for the TPI Composites Inc - $32.74 and low - $19.54.
TPI Composites Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.71% during the next 3 months and, with 90% probability hold a price between $16.96 and $25.47 at the end of this period.
Only positive signals in the chart today. TPI Composites 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 $25.60 and $23.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday July 03, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 73 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
TPI Composites Inc finds support from accumulated volume at $25.74.
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 $0.64 (2.53%) between high and low. For the last week, the stock has had a daily average volatility of 2.09%.
Our recommended stoploss: $24.80 (-4.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)
2.09 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|TPIC $25.87 ($0.29 1.13%)|
TPIC is up $0.29 today, but where's it headed in 2019?
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