TRICON RESIDENTIAL INC (TCN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TCN • CA89612W1023
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- TCN is part of the Real Estate Management & Development industry. There are 62 other stocks in this industry. TCN outperforms 86% of them.
- A new 52 week high is currently being made by TCN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TCN has a been trading in the 9.45 - 11.25 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.
- TCN has an average volume of 7478760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TCN is one of the better performing stocks in the market, outperforming 81% of all 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 has an excellent technical rating and 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 11.26. 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
When analyzing the support we notice one important 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 worst case loss on the trade is limited to 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.
Can you provide the trend direction for TRICON RESIDENTIAL INC?
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 MACD signal for TRICON RESIDENTIAL INC (TCN) stock?
The MACD indicator for TRICON RESIDENTIAL INC (TCN) has a value of 0.0186046, indicating a bearish trend.
Can you provide the short term momentum for TRICON RESIDENTIAL INC?
The short term momentum for TRICON RESIDENTIAL INC (TCN) is positive.