TPG Specialty Lending Inc Stock Forecast
TPG Specialty Lending Inc stock price down 0.0473% on Thursday
(Updated on Apr 25, 2024)
The TPG Specialty Lending Inc stock price fell by -0.0473% on the last day (Thursday, 25th Apr 2024) from $21.14 to $21.13. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.762% from a day low at $21.00 to a day high of $21.16. The price has fallen in 6 of the last 10 days but is still up by 0.62% over the past 2 weeks. Volume has increased on the last day by 23 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, 280 thousand shares were bought and sold for approximately $5.92 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $21.13, a level that may pose a second chance to hit a runner. According to fan-theory $22.19 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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TSLX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.40%. 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. The TPG Specialty Lending Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $21.03 and $20.97. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for TPG Specialty Lending Inc stock
TPG Specialty Lending Inc finds support from accumulated volume at $21.07 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 0.762%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: $20.51 (-2.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (TSLX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect TPG Specialty Lending Inc to open at $21.10, and during the day (based on 14 day Average True Range), to move between $20.87 and $21.39, which gives a possible trading interval of +/-$0.256 (+/-1.21%) up or down from last closing price. If TPG Specialty Lending Inc takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.07 (0.28%) than the resistance at $21.31 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TPG Specialty Lending Inc will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.600. We will update the financials statements for TPG Specialty Lending Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.77% in the first trading day after earnings release.
Is TPG Specialty Lending Inc stock A Buy?
TPG Specialty Lending 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.
Current score: -0.123 Hold/Accumulate Unchanged
Predicted Opening Price for TPG Specialty Lending Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $21.10 ( 0.158%) | $21.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSLX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.26 | 0.599 % | |
| R2 | 21.20 | 0.310 % | ||
| R1 | 21.16 | 0.132 % | ||
| Current price: | 21.13 | |||
| Support | S1 | 21.04 | -0.447 % | |
| S2 | 21.00 | -0.626 % | ||
| S3 | 20.94 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.43 | 1.42 % | |
| R2 | 21.33 | 0.95 % | ||
| R1 | 21.31 | 0.85 % | ||
| Current price | 21.13 | |||
| Support | S1 | 21.07 | -0.284% | |
| S2 | 21.03 | -0.473% | ||
| S3 | 20.72 | -1.94% |
TSLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.460 | 2.15% |
| 2 | Feb 15, 2024 | Feb 28, 2024 | Mar 20, 2024 | $0.0800 | 0.385% |
| 3 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.460 | 2.13% |
| 4 | Nov 02, 2023 | Nov 29, 2023 | Dec 20, 2023 | $0.0700 | 0.332% |
| 5 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.460 | 2.25% |
FAQ
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