Last Updated on November 5, 2022 by admin
Technical indicators are flashing bullish signals for TNL, with the stock currently trading above both its 50-day and 200-day moving averages. Furthermore, TNL’s MACD indicator is currently in positive territory, suggesting that the stock could continue to rise in the near-term. That being said, it’s worth noting that TNL is currently overbought according to the RSI, so a pullback may be on the cards in the coming days.
On the fundamental front, things are looking good for TNL as well. The company reported strong Q2 earnings last month, beating analyst estimates on both the top and bottom lines. What’s more, TNL raised its full-year guidance, suggesting that management is confident in the company’s ability to navigate the current challenges posed by Covid-19. With all of this in mind, I believe that TNL is a buy at current levels.