Timbercreek Financial Corp. Stock Forecast
Timbercreek Financial Corp. stock price up 0.418% on Friday
(Updated on Jun 14, 2024)
The Timbercreek Financial Corp. stock price gained 0.418% on the last trading day (Friday, 14th Jun 2024), rising from $7.17 to $7.20. During the last trading day the stock fluctuated 2.24% from a day low at $7.13 to a day high of $7.29. The price has risen in 7 of the last 10 days and is up by 1.41% 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, 3 thousand more shares were traded than the day before. In total, 111 thousand shares were bought and sold for approximately $799.50 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 -9.49% during the next 3 months and, with a 90% probability hold a price between $6.22 and $6.64 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
There are mixed signals in the stock today. 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 $7.22 and $7.24. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 3.15%. 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). Timbercreek Financial Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
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 $0.160 between high and low, or 2.24%. For the last week the stock has had daily average volatility of 1.74%.
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 Monday 17th
For the upcoming trading day on Monday, 17th we expect Timbercreek Financial Corp. to open at $7.21, and during the day (based on 14 day Average True Range), to move between $7.08 and $7.32, which gives a possible trading interval of +/-$0.124 (+/-1.72%) up or down from last closing price. If Timbercreek Financial Corp. takes out the full calculated possible swing range there will be an estimated 3.44% 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 (1.39%) than the resistance at $7.53 (4.58%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.772 Sell Candidate Unchanged
Predicted Opening Price for Timbercreek Financial Corp. of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$7.21 ( 0.0926%) | $7.20 |
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 | 7.37 | 2.31% |
R2 | 7.31 | 1.47% |
R1 | 7.27 | 0.94% |
Price | 7.20 | |
S1 | 7.15 | -0.756% |
S2 | 7.11 | -1.28% |
S3 | 7.05 | -2.13% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.76 | 7.78% |
R2 | 7.67 | 6.53% |
R1 | 7.53 | 4.58% |
Price | 7.20 | |
S1 | 7.10 | -1.39% |
S2 | 7.04 | -2.22% |
S3 | 7.00 | -2.78% |
TF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0575 | 0.80% |
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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