Tetra Tech Stock Forecast
Tetra Tech stock price up 0.185% on Wednesday
(Updated on Apr 24, 2024)
The Tetra Tech stock price gained 0.185% on the last trading day (Wednesday, 24th Apr 2024), rising from $188.94 to $189.29. During the last trading day the stock fluctuated 1.61% from a day low at $186.64 to a day high of $189.65. The price has fallen in 6 of the last 10 days and is down by -1.47% for this period. Volume fell on the last day by -77 thousand shares and in total, 220 thousand shares were bought and sold for approximately $41.67 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.07% during the next 3 months and, with a 90% probability hold a price between $210.08 and $229.14 at the end of this 3-month period.
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TTEK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.68%. 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). The Tetra Tech 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 $187.23 and $186.33. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Tetra Tech stock
Tetra Tech finds support from accumulated volume at $184.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.01 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: $181.67 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (TTEK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Tetra Tech to open at $188.53, and during the day (based on 14 day Average True Range), to move between $185.64 and $192.94, which gives a possible trading interval of +/-$3.65 (+/-1.93%) up or down from last closing price. If Tetra Tech takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $190.21 (0.49%) than the support at $184.67 (2.44%), 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.
Earnings coming up
Tetra Tech will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.31. We will update the financials statements for Tetra Tech, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.41% in the first trading day after earnings release.
Is Tetra Tech stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tetra Tech stock to perform well in the short-term.
Current score: 3.760 Buy Candidate Unchanged
Predicted Opening Price for Tetra Tech of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $188.53 ( 0.404%) | $189.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTEK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.53 | 1.18 % | |
| R2 | 190.38 | 0.577 % | ||
| R1 | 189.67 | 0.202 % | ||
| Current price: | 189.29 | |||
| Support | S1 | 187.38 | -1.01 % | |
| S2 | 186.67 | -1.39 % | ||
| S3 | 185.52 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.87 | 1.36 % | |
| R2 | 190.75 | 0.771 % | ||
| R1 | 190.21 | 0.486 % | ||
| Current price | 189.29 | |||
| Support | S1 | 184.67 | -2.44% | |
| S2 | 178.73 | -5.58% | ||
| S3 | 164.27 | -13.22% |
TTEK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2024 | Feb 13, 2024 | Feb 27, 2024 | $0.260 | 0.148% |
| 2 | Nov 13, 2023 | Nov 29, 2023 | Dec 13, 2023 | $0.260 | 0.155% |
| 3 | Aug 09, 2023 | Aug 23, 2023 | Sep 06, 2023 | $0.260 | 0.164% |
| 4 | Aug 07, 2023 | Aug 22, 2023 | Sep 06, 2023 | $0.260 | 0.164% |
| 5 | May 08, 2023 | May 23, 2023 | Jun 06, 2023 | $0.260 | 0.167% |
FAQ
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