TRICON RESIDENTIAL INC (TCN)

CA89612W1023 - Common Stock

11.23  +0.01 (+0.09%)

Technical Rating and Analysis

7

Overall TCN gets a technical rating of 7 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.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TCN is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 83% of 67 stocks in the same industry.
TCN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TCN is leading the market.
In the last month TCN has a been trading in the 9.45 - 11.23 range, which is quite wide. It is currently trading near the high of this range.
TCN has an average volume of 6238180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TCN did better than 84% 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.

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Weekly and Daily overview Charts
TCN Weekly chart
TCN Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, TCN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.13, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

10.74

11.34

When analyzing the support we notice one important area.

  • A support zone ranging from 10.85 to 11.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 11.23 to 11.23. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.66
Mansfield1.36
10 Day High11.23
10 Day Low9.45
20 Day High11.23
20 Day Low9.45
52 Week High11.23
52 Week Low6.53
Performance
1 Week1.45%
2 Weeks0.45%
1 Month0.63%
3 Month1.81%
6 Month71.04%
12 Month39.73%
2 Year-22.57%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)63.57
LBB10.92
UBB11.25

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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.

ENTRYEXITDISTANCECAPITAL
11.2410.840.40 (3.56%)25.00%
An entry @11.24. This is a Buy Stop order right above the resistance zone.An exit @10.84. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.40 points, which is 3.56%.For a 0.89% 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.

More info and screens

TCN Daily chart

TRICON RESIDENTIAL INC

NYSE:TCN (4/26/2024, 10:22:09 AM)

11.23

+0.01 (+0.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg0.09%
1 Week1.45%
2 Weeks0.45%
1 Month0.63%
3 Month1.81%
6 Month71.04%
12 Month39.73%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.2
ATR(20)%1.35%
ATR Inc
Range Today0.01
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.23
10 Day Low9.45
20 Day High11.23
20 Day Low9.45
52 Week High11.23
52 Week Low6.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume10.60M
Volume Incr27.38%
Vol(5)9.89M
Vol(50)6.24M