TPG RE Finance Trust Inc Stock Forecast
TPG RE Finance Trust Inc stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)
The TPG RE Finance Trust Inc stock price gained 1.44% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.65 to $7.76. During the last trading day the stock fluctuated 3.32% from a day low at $7.54 to a day high of $7.79. The price has been going up and down for this period, and there has been a 0.91% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 thousand more shares were traded than the day before. In total, 914 thousand shares were bought and sold for approximately $7.09 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 $8.03 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.87% during the next 3 months and, with a 90% probability hold a price between $7.75 and $10.18 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 $7.81. On a fall, the stock will find some support from the long-term average at approximately $6.90. 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. 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. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -2.63%. 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).
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 $0.250 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 3.41%.
Our recommended stop-loss: $7.39 (-4.71%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TRTX) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect TPG RE Finance Trust Inc to open at $7.70, and during the day (based on 14 day Average True Range), to move between $7.52 and $8.00, which gives a possible trading interval of +/-$0.244 (+/-3.14%) 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 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.82 (0.77%) than the support at $7.65 (1.42%), 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?
TPG RE Finance Trust Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.993 Hold/Accumulate Upgraded
Predicted Opening Price for TPG RE Finance Trust Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$7.70 ( 0.82%) | $7.76 |
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 | 7.95 | 2.41 % | |
R2 | 7.85 | 1.17 % | ||
R1 | 7.79 | 0.415 % | ||
Current price: | 7.76 | |||
Support | S1 | 7.60 | -2.05 % | |
S2 | 7.54 | -2.81 % | ||
S3 | 7.45 | -4.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.92 | 2.06 % | |
R2 | 7.87 | 1.42 % | ||
R1 | 7.82 | 0.773 % | ||
Current price | 7.76 | |||
Support | S1 | 7.65 | -1.42% | |
S2 | 6.90 | -11.08% | ||
S3 | 6.45 | -16.88% |
TRTX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 27, 2024 | Apr 25, 2024 | $0.240 | 3.10% |
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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