Tortoise Power and Energy Infrastructure Stock Forecast
Tortoise Power and Energy Infrastructure stock price up 1.61% on Friday
(Updated on Apr 19, 2024)
The Tortoise Power and Energy Infrastructure stock price gained 1.61% on the last trading day (Friday, 19th Apr 2024), rising from $14.87 to $15.11. It has now gained 3 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 0.636% from a day low at $15.02 to a day high of $15.12. The price has fallen in 6 of the last 10 days and is down by -3.08% for this period. Volume fell on the last day by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately $104.49 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.09% during the next 3 months and, with a 90% probability hold a price between $16.46 and $17.73 at the end of this 3-month period.
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TPZ Signals & Forecast
There are few to no technical positive signals at the moment. The Tortoise Power and Energy Infrastructure stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $15.20. On a fall, the stock will find some support from the short-term average at $14.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -3.64%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Tortoise Power and Energy Infrastructure stock
Tortoise Power and Energy Infrastructure finds support from accumulated volume at $14.44 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0956 between high and low, or 0.636%. For the last week the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TPZ) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tortoise Power and Energy Infrastructure Fund Inc to open at $15.08, and during the day (based on 14 day Average True Range), to move between $14.92 and $15.30, which gives a possible trading interval of +/-$0.191 (+/-1.27%) up or down from last closing price. If Tortoise Power and Energy Infrastructure Fund Inc takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.22 (0.73%) than the support at $14.44 (4.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Tortoise Power and Energy Infrastructure Fund Inc stock A Buy?
The Tortoise Power and Energy Infrastructure stock holds several negative signals and despite the positive trend, we believe Tortoise Power and Energy Infrastructure will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.254 Sell Candidate Unchanged
Predicted Opening Price for Tortoise Power and Energy Infrastructure Fund Inc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$15.08 ( 0.183%) | $15.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.18 | 0.450 % | |
R2 | 15.14 | 0.208 % | ||
R1 | 15.12 | 0.0590 % | ||
Current price: | 15.11 | |||
Support | S1 | 15.05 | -0.424 % | |
S2 | 15.02 | -0.574 % | ||
S3 | 14.99 | -0.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.37 | 1.72 % | |
R2 | 15.32 | 1.39 % | ||
R1 | 15.22 | 0.728 % | ||
Current price | 15.11 | |||
Support | S1 | 14.44 | -4.43% | |
S2 | 14.25 | -5.69% | ||
S3 | 13.94 | -7.74% |
TPZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.105 | 0.695% |
2 | Mar 21, 2024 | Mar 21, 2024 | Mar 29, 2024 | $0.105 | 0.674% |
3 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.105 | 0.721% |
4 | Jan 10, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.105 | 0.743% |
5 | Dec 21, 2023 | Dec 21, 2023 | Dec 29, 2023 | $0.105 | 0.749% |
FAQ
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