TPG RE Finance Trust Inc Forecast and Stock Analysis
Technical TRTX stock analysis for April 24, 2019.
|Shorts||1.30% ( 2019-03-29 )|
TPG RE Finance Trust Inc gained 0.46% in the last trading day, rising from $19.65 to $19.74 , and has now gained 5 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. The price has risen in 5 of the last 10 days and is up by 0.71% 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, 81 983 more shares were traded than the day before. In total, 355 955 shares bought and sold for approximately $7.03 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the TRTX stock was $19.74. This is 0.46% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.02% from a day low at $19.61 to a day high of $19.81.
30 day high of the TRTX stock price was $20.03 and low was $19.34.
90 day high was $20.56 and low was $19.08.
52 week high for the TPG RE Finance Trust Inc - $21.05 and low - $17.81.
Given the current horizontal trend you can expect TPG RE Finance Trust Inc with 90% probability to be traded between $19.27 and $20.15 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Wednesday April 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. TPG RE Finance Trust Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $19.79. On a fall, the stock will find some support from the short-term average at $19.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
TPG RE Finance Trust Inc finds support from accumulated volume at $19.70.
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 $0.20 (1.02%) between high and low. For the last week, the stock has had a daily average volatility of 1.00%.
Our recommended stoploss: $18.65 (-5.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
Very Low Low Medium High Very High
TPG RE Finance Trust Inc 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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|TRTX $19.74 ($0.09 0.46%)|
TRTX is up $0.09 today, but where's it headed in 2019?
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