TRICON RESIDENTIAL INC (TCN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TCN - CA89612W1023 - Common Stock
Overall TCN gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TCN is showing a nice and steady performance.
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 resistance zone just above the current price starting at 11.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.16, 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
10.80
We found 1 important support area.
- A support zone ranging from 10.91 to 11.16. 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 11.26 to 11.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCN is up. |
| ChartMill Relative Strength | 81.83 | POSITIVE | TCN has a high relative strength, it outperformed 81.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.91 | NEUTRAL | The RSI value for TCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TCN has a positive trend. |
| Stochastics (14,3) | 99.47 | OVERBOUGHT | The high Stochastics value suggests TCN may be overbought. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for TCN suggests low volalility. |
| Average Directional Index/ADX (14) | 59.6 | POSITIVE | The high ADX value value for TCN suggests a strong trend. |
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 |
|---|---|---|---|
| 11.27 | 10.98 | 0.29 (2.57%) | 25.00% |
| An entry @11.27. This is a Buy Stop order right above the resistance zone. | An exit @10.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.29 points, which is 2.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of TCN. Please evaluate whether better entry and exit points can be found.
- 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.
11.25
+0.02 (+0.18%)
TRICON RESIDENTIAL INC / TCN FAQ
Can you provide the ChartMill technical rating for TRICON RESIDENTIAL INC?
ChartMill assigns a technical rating of 8 / 10 to TCN.
What is the trend direction for TCN stock?
The current trend direction for TRICON RESIDENTIAL INC (TCN) is Bullish.
Can you provide the RSI signal for TRICON RESIDENTIAL INC?
TRICON RESIDENTIAL INC (TCN) has an RSI value of 65.9148. This indicates that the stock is currently neutral.
What is the buy/sell signal for TRICON RESIDENTIAL INC (TCN) stock?
The buy/sell signal for TRICON RESIDENTIAL INC (TCN) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for TRICON RESIDENTIAL INC?
TRICON RESIDENTIAL INC (TCN) has a support level at 11.16 and a resistance level at 11.26. Check the full technical report for our detailed analysis of TCN support and resistance levels.