Tell Stock Forecast: Is Tellurian Ready to Break Above $2?

• Tellurian (TELL) stock is currently trading at $1.46, down 1.35% in the last 24 hours. The stock has a market capitalization of $849.457 Million.

• TELL stock has been on a tear in recent months, plunged more than -64.30% in a year. 

TELL stock has been trading in a tight range for the past few months, forming a symmetrical triangle pattern. The stock has repeatedly faced rejection from the upper trendline and the 200-day simple moving average (SMA), which has acted as a barrier to exiting the trend.

The price action shows that TELL stock has been under selling pressure, with buyers staying on the sidelines. Sellers have a strong edge and continue to make short positions.

The company has had poor performance over the past year. Year-to-date, it has given negative returns of 13.10%, and in the past 6 months, it has given negative returns of 18.89%. In the last 1 month, it has given negative returns of 1.35%, and in the last 7 days, it has given negative returns of 11.52%. This indicates that the stock is in a long-term bearish trend.

At press time, TELL stock was trading at $1.46, with an intraday loss of 1.35%. However, the stock is still trading below the 200-day SMA, indicating a bearish trend. The intraday trading volume last 24 hours is 10.15 million shares, which is higher than the average trading volume of the last 10 days of 8.209 million shares.

Technical analysis of TELL Stock Price

CMT by shubhamsm006 on TradingView.com

The technical analysis of TELL stock is mixed. The stock is currently trading between the 50-day and 200-day moving averages, which is a bearish sign. However, the stock is still above the support level of $1.44.

The relative strength index (RSI) is at 44.83, which is in the neutral zone. The MACD indicator is heading bearish, but it is not yet in a sell signal.

Overall, the technical analysis of TELL stock is mixed. The stock is trading below its moving averages, but it is still above the support level of $1.44. The RSI is in the neutral zone, and the MACD indicator is heading bearish.

Summary

The technical analysis of TELL stock is mixed. The stock is currently trading between the 50-day and 200-day moving averages, which is a bearish sign. However, the stock is still above the support level of $1.44. The RSI is in the neutral zone, and the MACD indicator is heading bearish.

Overall, the technical analysis suggests that TELL stock is in a range-bound market. The stock could break out to the upside or downside in the near future, but it is difficult to say which way the stock will go. Investors should wait for a clear trend to develop before entering a trade.

Technical Levels

• The nearest support levels for TELL stock are $1.43 and $1.44. The closest resistance levels are $1.88 and $2.05.

Disclaimer

The analysis in this article is not a guarantee of future performance. It is for informational purposes only. Please do your own research and consult with a financial advisor before making any investment decisions.