RSI low/high Values: [ 20 - 80 ]
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Stronger technical forecast for Tallgrass Energy Partners LP stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 3.35% PDF

The Tallgrass Energy Partners LP stock price gained 1.90% on the last trading day (Wednesday, 27th Mar 2024), rising from £1,576.00 to £1,606.00. During the last trading day the stock fluctuated 2.29% from a day low at £1,574.00 to a day high of £1,610.00. The price has risen in 7 of the last 10 days and is up by 6.92% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 34 thousand shares were bought and sold for approximately £54.02 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £1,608.65 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Tallgrass Energy Partners LP stock with a 90% probability to be traded between £1,357.13 and £1,605.25 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TEP.L Signals & Forecast

Mostly positive signals in the chart today. The Tallgrass Energy Partners LP 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 £1,566.57 and £1,491.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 17.91%. 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 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 Tallgrass Energy Partners LP stock

On the downside, the stock finds support just below today's level from accumulated volume at £1,462.00 and £1,424.00. 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, Tallgrass Energy Partners LP finds support just below today's level at £1,462.00. If this is broken, then the next support from accumulated volume will be at £1,424.00 and £1,400.00.

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 £36.00 (2.29%) between high and low. For the last week, the stock has had daily average volatility of 2.60%.

Our recommended stop-loss: £1,556.21 (-3.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (TEP.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tallgrass Energy Partners LP to open at £1,596.67, and during the day (based on 14 day Average True Range), to move between £1,565.62 and £1,646.38, which gives a possible trading interval of +/-£40.38 (+/-2.51%) up or down from last closing price. If Tallgrass Energy Partners LP takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,610.00 (0.25%) than the support at £1,462.00 (8.97%), 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 Tallgrass Energy Partners LP stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tallgrass Energy Partners LP stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.131 Buy Candidate Upgraded

Predicted Opening Price for Tallgrass Energy Partners LP of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1,596.67 ( 0.581%) £1,606.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TEP.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,632.67 1.66 %
R2 1,618.91 0.80 %
R1 1,610.42 0.275 %
Current price: 1,606.00
Support S1 1,582.91 -1.44 %
S2 1,574.42 -1.97 %
S3 1,560.67 -2.82 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 1,612.00 0.374 %
R1 1,610.00 0.249 %
Current price 1,606.00
Support S1 1,462.00 -8.97%
S2 1,424.00 -11.33%
S3 1,400.00 -12.83%

TEP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 30, 2023 Nov 30, 2023 Nov 30, 2023 £0 0%
2 Jul 20, 2023 Jul 20, 2023 Jul 20, 2023 £46.00 2.71%
3 Nov 22, 2022 Dec 01, 2022 Dec 16, 2022 £34.00 1.49%
4 Jun 21, 2022 Jul 14, 2022 Aug 05, 2022 £30.00 1.40%
5 Nov 23, 2021 Dec 02, 2021 Dec 17, 2021 £27.00 1.73%

FAQ

What is the symbol for Tallgrass Energy Partners LP Stock and on which exchange is it traded?
The symbol for Tallgrass Energy Partners LP is TEP.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Tallgrass Energy Partners LP Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tallgrass Energy Partners LP stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Tallgrass Energy Partners LP Stock?
Tallgrass Energy Partners LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tallgrass Energy Partners LP Stock.

What's the current price of Tallgrass Energy Partners LP Stock?
As of the end of day on the 2024-03-27, the price of an Tallgrass Energy Partners LP (TEP.L) share was £1,606.00.

What is the 52-week high and low for Tallgrass Energy Partners LP Stock?
The 52-week high for Tallgrass Energy Partners LP Stock is £2,025.00 and the 52-week low is £1,356.00.

What is the market capitalization of Tallgrass Energy Partners LP Stock?
As of the 2024-03-27, the market capitalization of Tallgrass Energy Partners LP is 1.263B.

When is the next earnings date for Tallgrass Energy Partners LP?
The upcoming earnings date for Tallgrass Energy Partners LP is Jun 25, 2024.
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About Tallgrass Energy Partners LP

Tallgrass Energy Partners LP Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance, boiler cover, and cashback card services under the Utility Warehouse and TML brands. The company was incorporated in 1996 and is based in London, the United Kingdom.... TEP.L Profile

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