RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TCW.TO
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Trican Well Service Ltd. stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Trican Well Service Ltd. stock price gained 2.47% on the last trading day (Wednesday, 27th Mar 2024), rising from $4.05 to $4.15. During the last trading day the stock fluctuated 2.59% from a day low at $4.05 to a day high of $4.16. The price has fallen in 5 of the last 10 days but is still up by 1.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 297 thousand more shares were traded than the day before. In total, 673 thousand shares were bought and sold for approximately $2.79 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Trican Well Service Ltd. stock with a 90% probability to be traded between $3.87 and $4.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

TCW.TO Signals & Forecast

The Trican Well Service Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.08 and $4.13. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -3.49%. 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). The stock had a Golden Star Signal on Thursday, January 04, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, January 04, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Trican Well Service Ltd. stock

Trican Well Service Ltd. finds support from accumulated volume at $4.10 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 $0.105 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.

Our recommended stop-loss: $3.96 (-4.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (TCW.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Trican Well Service Ltd. to open at $4.12, and during the day (based on 14 day Average True Range), to move between $4.04 and $4.26, which gives a possible trading interval of +/-$0.109 (+/-2.63%) up or down from last closing price. If Trican Well Service Ltd. takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.16 (0.24%) than the support at $4.10 (1.20%), 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 Trican Well Service Ltd. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Trican Well Service Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.326 Buy Candidate Upgraded

Predicted Opening Price for Trican Well Service Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.12 ( 0.763%) $4.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TCW.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.22 1.77 %
R2 4.18 0.80 %
R1 4.16 0.203 %
Current price: 4.15
Support S1 4.08 -1.73 %
S2 4.05 -2.33 %
S3 4.01 -3.29 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.25 2.41 %
R2 4.23 1.93 %
R1 4.16 0.241 %
Current price 4.15
Support S1 4.10 -1.20%
S2 4.06 -2.17%
S3 4.04 -2.65%

TCW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 14, 2024 Mar 29, 2024 $0.0450 1.08%
2 Nov 09, 2023 Dec 14, 2023 Dec 29, 2023 $0.0400 0.97%
3 Aug 01, 2023 Sep 14, 2023 Sep 30, 2023 $0.0400 0.86%
4 Jun 14, 2023 Jun 14, 2023 Jun 30, 2023 $0.0400 1.13%
5 Mar 14, 2023 Mar 14, 2023 Mar 31, 2023 $0.0400 1.30%

FAQ

What is the symbol for Trican Well Service Ltd. Stock and on which exchange is it traded?
The symbol for Trican Well Service Ltd. is TCW.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Trican Well Service Ltd. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Trican Well Service Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Trican Well Service Ltd. Stock?
Trican Well Service Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Trican Well Service Ltd. Stock.

What's the current price of Trican Well Service Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Trican Well Service Ltd. (TCW.TO) share was $4.15.

What is the 52-week high and low for Trican Well Service Ltd. Stock?
The 52-week high for Trican Well Service Ltd. Stock is $5.33 and the 52-week low is $2.91.

What is the market capitalization of Trican Well Service Ltd. Stock?
As of the 2024-03-27, the market capitalization of Trican Well Service Ltd. is 864.291M.

When is the next earnings date for Trican Well Service Ltd.?
The upcoming earnings date for Trican Well Service Ltd. is May 09, 2024.
Click to get the best stock tips daily for free!

About Trican Well Service Ltd.

Trican Well Service Ltd. Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remed... TCW.TO Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT