Timbercreek Financial Corp. Stock Forecast
Stronger technical forecast for Timbercreek Financial Corp. stock price after Tuesday trading.
(Updated on May 21, 2024)
The Timbercreek Financial Corp. stock price gained 0.710% on the last trading day (Tuesday, 21st May 2024), rising from $7.04 to $7.09. During the last trading day the stock fluctuated 1.71% from a day low at $7.01 to a day high of $7.13. The price has fallen in 6 of the last 10 days and is down by -7.68% for this period. Volume fell on the last day by -396 thousand shares and in total, 151 thousand shares were bought and sold for approximately $1.07 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 lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.03 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.15% during the next 3 months and, with a 90% probability hold a price between $6.74 and $7.28 at the end of this 3-month period.
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TF.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 0.710%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Timbercreek Financial Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.15 and $7.48. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Timbercreek Financial Corp. stock
Timbercreek Financial Corp. finds support from accumulated volume at $7.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.120 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $6.70 (-5.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (TF.TO) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Timbercreek Financial Corp. to open at $7.08, and during the day (based on 14 day Average True Range), to move between $6.96 and $7.22, which gives a possible trading interval of +/-$0.134 (+/-1.89%) up or down from last closing price. If Timbercreek Financial Corp. takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.04 (0.71%) than the resistance at $7.53 (6.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Timbercreek Financial Corp. stock A Buy?
Timbercreek Financial Corp. 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: 0.223 Hold/Accumulate Upgraded
Predicted Opening Price for Timbercreek Financial Corp. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $7.08 ( 0.188%) | $7.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TF.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.20 | 1.50 % | |
| R2 | 7.15 | 0.86 % | ||
| R1 | 7.12 | 0.458 % | ||
| Current price: | 7.09 | |||
| Support | S1 | 7.03 | -0.83 % | |
| S2 | 7.00 | -1.23 % | ||
| S3 | 6.96 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.76 | 9.45 % | |
| R2 | 7.73 | 9.03 % | ||
| R1 | 7.53 | 6.21 % | ||
| Current price | 7.09 | |||
| Support | S1 | 7.04 | -0.705% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0575 | 0.793% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0575 | 0.767% |
| 3 | Feb 21, 2024 | Mar 04, 2024 | Mar 11, 2024 | $0.0575 | 0.743% |
| 4 | Feb 21, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0575 | 0.750% |
| 5 | Jan 23, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.0575 | 0.793% |
FAQ
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