Trinity Industries Inc Stock Forecast
Stronger technical forecast for Trinity Industries Inc stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Trinity Industries Inc stock price gained 1.39% on the last trading day (Thursday, 18th Apr 2024), rising from $25.89 to $26.25. During the last trading day the stock fluctuated 2.04% from a day low at $25.96 to a day high of $26.49. The price has fallen in 6 of the last 10 days and is down by -3.49% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 384 thousand shares were bought and sold for approximately $10.09 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.92% during the next 3 months and, with a 90% probability hold a price between $27.11 and $30.57 at the end of this 3-month period.
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TRN Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trinity Industries Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $26.68 and $26.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -6.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Trinity Industries Inc stock
Trinity Industries Inc finds support from accumulated volume at $25.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.530 (2.04%) between high and low. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: $24.96 (-4.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (TRN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Trinity Industries Inc to open at $26.23, and during the day (based on 14 day Average True Range), to move between $25.54 and $26.96, which gives a possible trading interval of +/-$0.711 (+/-2.71%) up or down from last closing price. If Trinity Industries Inc takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.98 (1.03%) than the resistance at $27.04 (3.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trinity Industries Inc stock A Buy?
Trinity Industries Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.985 Hold/Accumulate Upgraded
Predicted Opening Price for Trinity Industries Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $26.23 ( 0.0635%) | $26.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.76 | 1.96 % | |
| R2 | 26.56 | 1.18 % | ||
| R1 | 26.44 | 0.708 % | ||
| Current price: | 26.25 | |||
| Support | S1 | 26.03 | -0.83 % | |
| S2 | 25.91 | -1.31 % | ||
| S3 | 25.70 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.93 | 6.40 % | |
| R2 | 27.85 | 6.10 % | ||
| R1 | 27.04 | 3.01 % | ||
| Current price | 26.25 | |||
| Support | S1 | 25.98 | -1.03% | |
| S2 | 25.50 | -2.86% | ||
| S3 | 25.47 | -2.97% |
TRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.280 | 1.07% |
| 2 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.280 | 1.11% |
| 3 | Sep 06, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.260 | 1.25% |
| 4 | May 09, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.260 | 0.99% |
| 5 | Mar 07, 2023 | Apr 13, 2023 | Apr 28, 2023 | $0.260 | 1.09% |
FAQ
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