TPG RE Finance Trust Inc Stock Forecast
Evaluation of TPG RE Finance Trust Inc stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The TPG RE Finance Trust Inc stock price fell by -0.515% on the last day (Thursday, 28th Mar 2024) from $7.76 to $7.72. During the last trading day the stock fluctuated 3.38% from a day low at $7.69 to a day high of $7.95. The price has been going up and down for this period, and there has been a 1.98% gain for the last 2 weeks. Volume has increased on the last day by 105 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $7.87 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may 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 $8.06 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 28.94% during the next 3 months and, with a 90% probability hold a price between $7.99 and $10.39 at the end of this 3-month period.
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TRTX Signals & Forecast
The TPG RE Finance Trust Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.82. On a fall, the stock will find some support from the long-term average at approximately $6.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -3.14%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for TPG RE Finance Trust Inc stock
TPG RE Finance Trust Inc finds support from accumulated volume at $7.65 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 $0.260 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 3.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRTX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TPG RE Finance Trust Inc to open at $7.79, and during the day (based on 14 day Average True Range), to move between $7.48 and $7.96, which gives a possible trading interval of +/-$0.245 (+/-3.17%) up or down from last closing price. If TPG RE Finance Trust Inc takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.76 (0.52%) than the support at $7.65 (0.91%), 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 TPG RE Finance Trust Inc stock A Buy?
The TPG RE Finance Trust Inc stock holds several negative signals and despite the positive trend, we believe TPG RE Finance Trust Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.029 Sell Candidate Downgraded
Predicted Opening Price for TPG RE Finance Trust Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$7.79 ( 0.86%) | $7.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRTX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.05 | 4.23 % | |
R2 | 7.95 | 2.94 % | ||
R1 | 7.89 | 2.15 % | ||
Current price: | 7.72 | |||
Support | S1 | 7.69 | -0.423 % | |
S2 | 7.63 | -1.22 % | ||
S3 | 7.53 | -2.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.87 | 1.94 % | |
R2 | 7.82 | 1.30 % | ||
R1 | 7.76 | 0.518 % | ||
Current price | 7.72 | |||
Support | S1 | 7.65 | -0.91% | |
S2 | 6.90 | -10.62% | ||
S3 | 6.45 | -16.45% |
TRTX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 27, 2024 | Apr 25, 2024 | $0.240 | 3.11% |
2 | Dec 18, 2023 | Dec 28, 2023 | Jan 25, 2024 | $0.240 | 3.71% |
3 | Sep 11, 2023 | Sep 27, 2023 | Oct 25, 2023 | $0.240 | 4.36% |
4 | Jun 12, 2023 | Jun 27, 2023 | Jul 25, 2023 | $0.240 | 3.19% |
5 | Mar 14, 2023 | Mar 28, 2023 | Apr 25, 2023 | $0.240 | 3.50% |
FAQ
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