Tellurian (TELL, $5.40) stock rose, on 10-year deal with Vitol
Shares of Tellurian climbed, following news of natural gas company finalizing a 10-year deal to provide energy trader Vitol with LNG from its proposed liquefaction facility terminal in Louisiana.
The deal, valued at at about $12 billion in revenue over the deal period, is for 3 million tonnes per annum (MTPA) of LNG.
Last week, Tellurian also inked a 10-year agreement with commodity trader Gunvor Group for 3 MTPA of LNG. The LNG would be delivered from the proposed liquefaction facility Driftwood LNG, near Lake Charles, Louisiana in the U.S. Gulf Coast.
Momentum Indicator for TELL turns negative, indicating new downward trend
TELL saw its Momentum Indicator move below the 0 level on May 30, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned negative. In of the 94 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for TELL turned negative on May 30, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .
TELL moved below its 50-day moving average on May 25, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TELL crossed bearishly below the 50-day moving average on May 30, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TELL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for TELL entered a downward trend on May 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TELL advanced for three days, in of 275 cases, the price rose further within the following month. The odds of a continued upward trend are .
TELL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TELL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.055) is normal, around the industry mean (5.892). P/E Ratio (0.000) is within average values for comparable stocks, (16.477). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (55.806). Dividend Yield (0.000) settles around the average of (0.089) among similar stocks. P/S Ratio (2.202) is also within normal values, averaging (152.639).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TELL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of natural gas projects
Industry OilGasProduction
TELL and
Correlation & Price change
A.I.dvisor indicates that over the last year, TELL has been loosely correlated with NOG. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if TELL jumps, then NOG could also see price increases.
| Ticker / NAME | Correlation To TELL | 1D Price Change % | ||
|---|---|---|---|---|
| TELL | 100% | +0.83% | ||
| NOG - TELL | 51% Loosely correlated | -1.68% | ||
| OVV - TELL | 49% Loosely correlated | -0.50% | ||
| APA - TELL | 49% Loosely correlated | -1.43% | ||
| MGY - TELL | 49% Loosely correlated | -0.77% | ||
| CRGY - TELL | 49% Loosely correlated | -2.59% | ||
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