Trinity Capital Inc. Stock Forecast
Trinity Capital Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The Trinity Capital Inc. stock price gained 0.0675% on the last trading day (Tuesday, 7th May 2024), rising from $14.82 to $14.83. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.471% from a day low at $14.81 to a day high of $14.88. The price has risen in 6 of the last 10 days but is still down by -0.13% for this period. Volume fell on the last day by -137 thousand shares and in total, 310 thousand shares were bought and sold for approximately $4.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 3.30% during the next 3 months and, with a 90% probability hold a price between $14.62 and $15.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TRIN Signals & Forecast
Mostly positive signals in the chart today. The Trinity Capital Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $14.84. On a fall, the stock will find some support from the long-term average at approximately $14.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Trinity Capital Inc. stock
Trinity Capital Inc. finds support from accumulated volume at $14.76 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 $0.0698 (0.471%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $14.18 (-4.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (TRIN) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Trinity Capital Inc. to open at $14.84, and during the day (based on 14 day Average True Range), to move between $14.59 and $15.07, which gives a possible trading interval of +/-$0.244 (+/-1.64%) up or down from last closing price. If Trinity Capital Inc. takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.89 (0.40%) than the support at $14.76 (0.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Trinity Capital Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Trinity Capital Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.916 Buy Candidate Upgraded
Predicted Opening Price for Trinity Capital Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $14.84 ( 0.0670%) | $14.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.91 | 0.538 % | |
| R2 | 14.88 | 0.358 % | ||
| R1 | 14.87 | 0.247 % | ||
| Current price: | 14.83 | |||
| Support | S1 | 14.81 | -0.113 % | |
| S2 | 14.80 | -0.224 % | ||
| S3 | 14.77 | -0.404 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.08 | 1.69 % | |
| R2 | 14.93 | 0.674 % | ||
| R1 | 14.89 | 0.405 % | ||
| Current price | 14.83 | |||
| Support | S1 | 14.76 | -0.472% | |
| S2 | 14.49 | -2.29% | ||
| S3 | 14.46 | -2.49% |
TRIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.510 | 3.64% |
| 2 | Dec 14, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.500 | 3.44% |
| 3 | Sep 13, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.540 | 3.89% |
| 4 | Jun 14, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.530 | 3.60% |
| 5 | Mar 14, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.470 | 3.72% |
FAQ
Click here for our free guide on how to buy Trinity Capital Inc. Stock.
