RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TPH
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Green day on Tuesday for TRI Pointe Group Inc
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 10, 2024 Gain 24.84% PDF

The TRI Pointe Group Inc stock price gained 2.13% on the last trading day (Tuesday, 23rd Jul 2024), rising from $45.62 to $46.59. It has now gained 4 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 4.18% from a day low at $44.95 to a day high of $46.83. The price has risen in 9 of the last 10 days and is up by 27.19% over the past 2 weeks. Volume fell on the last day by -341 thousand shares and in total, 595 thousand shares were bought and sold for approximately $27.72 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 has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $42.67, a level that may pose a second chance to hit a runner. According to fan-theory $48.74 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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TPH Signals & Forecast

The TRI Pointe Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $44.60 and $38.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, July 05, 2024, and so far it has risen 29.20%. 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 TRI Pointe Group Inc stock

TRI Pointe Group Inc finds support from accumulated volume at $44.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.88 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 3.61%.

The TRI Pointe Group Inc stock is extremely overbought on RSI14 (95). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $45.38 (-2.60%) (This stock has high daily movements and this gives high risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (TPH) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect TRI Pointe Group Inc to open at $46.12, and during the day (based on 14 day Average True Range), to move between $45.26 and $47.92, which gives a possible trading interval of +/-$1.33 (+/-2.85%) up or down from last closing price. If TRI Pointe Group Inc takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $44.65, some $1.94 (4.16%) from the current price of $46.59, our system finds the risk reward attractive.

Is TRI Pointe Group Inc stock A Buy?

TRI Pointe Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for TRI Pointe Group Inc of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$46.12 ( 1.00%) $46.59

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

Trading levels for TPH

Fibonacci Support & Resistance Levels

Level Price
R3 48.00 3.03%
R2 47.29 1.49%
R1 46.84 0.540%
Price 46.59
S1 45.41 -2.54%
S2 44.96 -3.50%
S3 44.24 -5.04%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 46.59
S1 44.65 -4.16%
S2 44.41 -4.68%
S3 37.14 -20.28%

FAQ

What is the symbol for TRI Pointe Group Inc Stock and on which exchange is it traded?
The symbol for TRI Pointe Group Inc is TPH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell TRI Pointe Group Inc Stock?
TRI Pointe Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy TRI Pointe Group Inc Stock?
TRI Pointe Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TRI Pointe Group Inc Stock.

What's the current price of TRI Pointe Group Inc Stock?
As of the end of day on the Jul 23, 2024, the price of an TRI Pointe Group Inc (TPH) share was $46.59.

What is the 52-week high and low for TRI Pointe Group Inc Stock?
The 52-week high for TRI Pointe Group Inc Stock is $46.83 and the 52-week low is $24.18.

What is the market capitalization of TRI Pointe Group Inc Stock?
As of the Jul 23, 2024, the market capitalization of TRI Pointe Group Inc is 4.42B.

When is the next earnings date for TRI Pointe Group Inc?
The upcoming earnings date for TRI Pointe Group Inc is Jul 25, 2024.
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About TRI Pointe Group Inc

TRI Pointe Group Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland, Virginia, and the District of Columbi... TPH Profile

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