TELL 3 month price prediction
6/28/2024 01:13am
**Tellurian's 3-Month Price Prediction**: The TELL stock is expected to experience a volatile ride with a potential for a significant decline. Here's a detailed analysis:
1. **Current Short-Term Trend**: The stock has shown a short-term upward trend, with a 26.97% expected rise over the next 3 months.
2. **Technical Indicators**: The Fear & Greed Index is at 39 (Fear), indicating a cautious sentiment. The stock has recorded 15/30 (50%) green days with 9.95% price volatility over the last 30 days.
3. **Analyst Ratings and Price Targets**:
- The average price target from 3 Wall Street analysts is $1.65, with a high forecast of $3.00 and a low forecast of $0.30, representing a 216.58% upside from the last price of $0.52.
- Four analysts offer a short-term price target of $1.59, with a high estimate of $3.30 and a low estimate of $0.25, suggesting a 265.38% upside from the last closing price of $0.52.
4. **Potential Decline**: However, the stock is also expected to fall by -44.11% during the next 3 months, with a 90% probability of trading between $0.119 and $0.344.
5. **Market Sentiment**: The stock is currently trading 7.07% above the forecast, which could suggest it is overvalued.
In conclusion, while there is potential for a significant upside based on analyst targets, the current short-term trend and technical indicators suggest a more cautious approach. Investors should consider the high volatility and potential for a decline before making investment decisions.