TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 Forecast and Stock Analysis
Technical TPVY stock analysis for February 15, 2019.
TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 gained 0.04% in the last trading day, rising from $25.53 to $25.54 The price has risen in 5 of the last 10 days and is up by 1.35% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 292 more shares were traded than the day before. In total, 565 shares bought and sold for approximately $14 430.60.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TPVY stock was $25.54. This is 0.04% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.15% from a day low at $25.54 to a day high of $25.58.
30 day high of the TPVY stock price was $25.61 and low was $24.95.
90 day high was $25.61 and low was $22.38.
52 week high for the TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 - $25.87 and low - $22.38.
TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 lies in the upper part of a weak rising trend in the short term, and this will 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 $25.64 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 2.21% during the next 3 months and, with 90% probability hold a price between $24.87 and $26.20 at the end of this period.
TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 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 $25.49 and $25.13. A break down below any of these levels will issue sell signals. TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday February 12, 2019, which indicates further falls until a new bottom pivot has been found.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 finds support from accumulated volume at $24.96.
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 $0.04 (0.15%) between high and low. For the last week, the stock has had a daily average volatility of 0.64%.
Our recommended stoploss: $24.51 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)
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TriplePoint Venture Growth BDC Corp. 5.75% Notes due 2022 holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.