TriplePoint Venture Growth BDC Corp Stock Forecast
Stronger technical forecast for TriplePoint Venture Growth BDC Corp stock price after Friday trading.
(Updated on Apr 19, 2024)
The TriplePoint Venture Growth BDC Corp stock price gained 3.94% on the last trading day (Friday, 19th Apr 2024), rising from $9.14 to $9.50. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.79% from a day low at $9.15 to a day high of $9.68. The price has risen in 5 of the last 10 days and is up by 2.7% 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, 729 thousand more shares were traded than the day before. In total, 875 thousand shares were bought and sold for approximately $8.31 million.
Given the current short-term trend, the stock is expected to fall -22.98% during the next 3 months and, with a 90% probability hold a price between $6.72 and $7.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TPVG Signals & Forecast
Mostly positive signals in the chart today. The TriplePoint Venture Growth BDC Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.14 and $9.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 6.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for TriplePoint Venture Growth BDC Corp stock
TriplePoint Venture Growth BDC Corp finds support from accumulated volume at $9.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.530 between high and low, or 5.79%. For the last week the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: $9.13 (-3.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TPVG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect TriplePoint Venture Growth BDC Corp to open at $9.44, and during the day (based on 14 day Average True Range), to move between $9.28 and $9.72, which gives a possible trading interval of +/-$0.223 (+/-2.35%) up or down from last closing price. If TriplePoint Venture Growth BDC Corp takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.48 (0.21%) than the resistance at $9.53 (0.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TriplePoint Venture Growth BDC Corp stock A Buy?
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 stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.228 Buy Candidate Upgraded
Predicted Opening Price for TriplePoint Venture Growth BDC Corp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $9.44 ( 0.596%) | $9.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPVG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.97 | 4.98 % | |
| R2 | 9.77 | 2.85 % | ||
| R1 | 9.65 | 1.53 % | ||
| Current price: | 9.50 | |||
| Support | S1 | 9.24 | -2.73 % | |
| S2 | 9.12 | -4.04 % | ||
| S3 | 8.91 | -6.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.83 | 3.47 % | |
| R2 | 9.79 | 3.05 % | ||
| R1 | 9.53 | 0.316 % | ||
| Current price | 9.50 | |||
| Support | S1 | 9.48 | -0.211% | |
| S2 | 9.22 | -2.95% | ||
| S3 | 9.12 | -4.00% |
TPVG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 29, 2024 | $0.400 | 4.22% |
| 2 | Oct 26, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.400 | 3.68% |
| 3 | Jul 26, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.400 | 3.82% |
| 4 | Apr 26, 2023 | Jun 14, 2023 | Sep 29, 2023 | $0.400 | 3.82% |
| 5 | Mar 01, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.400 | 3.31% |
FAQ
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