Timbercreek Financial Corp. Stock Forecast
Red day on Thursday for Timbercreek Financial Corp. stock after losing 0.83%
(Updated on Jun 20, 2024)
The Timbercreek Financial Corp. stock price fell by -0.83% on the last day (Thursday, 20th Jun 2024) from $7.20 to $7.14. During the last trading day the stock fluctuated 1.69% from a day low at $7.12 to a day high of $7.24. The price has risen in 5 of the last 10 days but is still down by -1.11% for this period. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 71 thousand shares were bought and sold for approximately $507.59 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.27% during the next 3 months and, with a 90% probability hold a price between $6.19 and $6.62 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TF.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 2.29%. 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). 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 $7.19 and $7.20. A break-up above any of these levels will issue buy signals. Timbercreek Financial Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Timbercreek Financial Corp. stock
Timbercreek Financial Corp. finds support from accumulated volume at $7.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.120 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TF.TO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Timbercreek Financial Corp. to open at $7.17, and during the day (based on 14 day Average True Range), to move between $7.02 and $7.26, which gives a possible trading interval of +/-$0.117 (+/-1.65%) up or down from last closing price. If Timbercreek Financial Corp. takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.10 (0.56%) than the resistance at $7.20 (0.84%), 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 is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.011 Sell Candidate Unchanged
Predicted Opening Price for Timbercreek Financial Corp. of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$7.17 ( 0.373%) | $7.14 |
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 | |
---|---|---|
R3 | 7.29 | 2.05% |
R2 | 7.24 | 1.41% |
R1 | 7.21 | 1.02% |
Price | 7.14 | |
S1 | 7.12 | -0.269% |
S2 | 7.09 | -0.665% |
S3 | 7.05 | -1.31% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.58 | 6.16% |
R2 | 7.53 | 5.46% |
R1 | 7.20 | 0.84% |
Price | 7.14 | |
S1 | 7.10 | -0.560% |
S2 | 7.04 | -1.40% |
S3 | 7.00 | -1.96% |
TF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0575 | 0.799% |
2 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0575 | 0.793% |
3 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0575 | 0.767% |
4 | Feb 21, 2024 | Mar 04, 2024 | Mar 11, 2024 | $0.0575 | 0.743% |
5 | Feb 21, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0575 | 0.750% |
FAQ
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