Tricon Residential Inc (TCN.CA) Technical Analysis
TSX:TCN • CA89612W1023
Current stock price
TCN.CA Technical Rating and Analysis
Overall TCN gets a technical rating of 8 out of 10. Both in the recent history as in the last year, TCN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- TCN is part of the Real Estate Management & Development industry. There are 30 other stocks in this industry. TCN outperforms 96% of them.
- TCN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TCN has a been trading in the 13.54 - 15.57 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Looking at the yearly performance, TCN did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Volume is considerably higher in the last couple of days.
TCN.CA Weekly and Daily overview Charts
TCN.CA Setup Rating and Analysis
Besides having an excellent technical rating, TCN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.28, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
TCN.CA Support and Resistance Analysis
14.62
When analyzing the support we notice one important area.
- A support zone ranging from 14.77 to 15.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.37 to 15.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
TCN.CA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TCN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCN.CA is up. |
| ChartMill Relative Strength | 83.74 | POSITIVE | TCN.CA has a high relative strength, it outperformed 83.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.57 | NEUTRAL | The RSI value for TCN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TCN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.17 | OVERBOUGHT | The high Stochastics value suggests TCN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for TCN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 40.54 | POSITIVE | The high ADX value value for TCN.CA suggests a strong trend. |
TCN.CA Chart- and CandleStick Pattern Analysis
TCN.CA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.48 | 15.07 | 0.41 (2.65%) | 25.00% |
| An entry @15.48. This is a Buy Stop order right above the resistance zone. | An exit @15.07. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.41 points, which is 2.65%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TCN.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:TCN (5/2/2024, 7:00:00 PM)
15.34
-0.12 (-0.78%)
Tricon Residential Inc / TCN.CA TA FAQ
Can you provide the ChartMill technical rating for Tricon Residential Inc?
ChartMill assigns a technical rating of 8 / 10 to TCN.CA.
Can you provide the trend direction for Tricon Residential Inc?
The current trend direction for Tricon Residential Inc (TCN.CA) is Bullish.
What is the RSI signal for TCN stock?
Tricon Residential Inc (TCN.CA) has an RSI value of 58.5657. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Tricon Residential Inc?
The MACD indicator for Tricon Residential Inc (TCN.CA) has a value of 0.0153533, indicating a bearish trend.
What is the buy/sell signal for TCN stock?
The buy/sell signal for Tricon Residential Inc (TCN.CA) is buy as both the short term and long term trends are positive.