Tessera Holding Corp Stock Forecast
Weaker technical forecast for Tessera Holding Corp as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The Tessera Holding Corp stock price gained 4.69% on the last trading day (Thursday, 28th Mar 2024), rising from $11.52 to $12.06. During the last trading day the stock fluctuated 5.94% from a day low at $11.45 to a day high of $12.13. The price has risen in 7 of the last 10 days and is up by 11.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 246 thousand more shares were traded than the day before. In total, 728 thousand shares were bought and sold for approximately $8.78 million.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $12.03 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 $13.80 sometime during the next 3 months.
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XPER Signals & Forecast
The Tessera Holding Corp 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 $11.24 and $11.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 13.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Tessera Holding Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.22 and $11.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tessera Holding Corp finds support just below today's level at $11.22. If this is broken, then the next support from accumulated volume will be at $11.20 and $10.96.
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 $0.680 (5.94%) between high and low. For the last week, the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: $11.48 (-4.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (XPER) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tessera Holding Corp to open at $11.88, and during the day (based on 14 day Average True Range), to move between $11.60 and $12.52, which gives a possible trading interval of +/-$0.460 (+/-3.81%) up or down from last closing price. If Tessera Holding Corp takes out the full calculated possible swing range there will be an estimated 7.62% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.22, some $0.84 (6.97%) from the current price of $12.06, our system finds the risk reward attractive.
Is Tessera Holding Corp stock A Buy?
Tessera Holding Corp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tessera Holding Corp of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.88 ( 1.52%) | $12.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPER
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.56 | 4.12 % | |
R2 | 12.30 | 1.96 % | ||
R1 | 12.14 | 0.634 % | ||
Current price: | 12.06 | |||
Support | S1 | 11.62 | -3.67 % | |
S2 | 11.46 | -5.00 % | ||
S3 | 11.20 | -7.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 12.06 | |||
Support | S1 | 11.22 | -6.97% | |
S2 | 11.20 | -7.13% | ||
S3 | 10.96 | -9.12% |
XPER Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 08, 2022 | Aug 26, 2022 | Sep 19, 2022 | $0.0500 | 0.344% |
2 | May 09, 2022 | May 27, 2022 | Jun 21, 2022 | $0.0500 | 0.354% |
3 | Feb 24, 2022 | Mar 15, 2022 | Mar 30, 2022 | $0.0500 | 0.288% |
4 | Nov 08, 2021 | Nov 27, 2021 | Dec 20, 2021 | $0.0500 | 0.262% |
5 | Oct 29, 2021 | Nov 26, 2021 | Dec 20, 2021 | $0.0500 | 0.262% |
FAQ
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