TPG RE Finance Trust Inc Forecast and Stock Analysis
Technical TRTX stock analysis for February 15, 2019.
|Shorts||4.33% ( 2019-01-31 )|
TPG RE Finance Trust Inc gained 0.81% in the last trading day, rising from $19.82 to $19.98 The price has risen in 7 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume fell in the last day by -5 227 shares, and in total, 170 947 shares bought and sold for approximately $3.42 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TRTX stock was $19.98. This is 0.81% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.96% from a day low at $19.82 to a day high of $20.01.
30 day high of the TRTX stock price was $20.01 and low was $18.87.
90 day high was $20.04 and low was $17.81.
52 week high for the TPG RE Finance Trust Inc - $21.05 and low - $17.81.
TPG RE Finance Trust Inc has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $19.91 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $21.64 sometime during the next 3 months.
Only positive signals in the chart today. TPG RE Finance Trust 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 $19.88 and $19.34. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 22, 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.
* 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 66 and the stock is currently not being overbought or oversold
Support & Resistance
TPG RE Finance Trust Inc finds support from accumulated volume at $19.92.
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 $0.19 (0.96%) between high and low. For the last week, the stock has had a daily average volatility of 1.38%.
Our recommended stoploss: $18.95 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 18 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rising rate. 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 period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.