Trinity Capital Inc. Stock Forecast
Weaker technical forecast for Trinity Capital Inc. as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)
The Trinity Capital Inc. stock price fell by -1.56% on the last day (Thursday, 2nd May 2024) from $14.71 to $14.48. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.22% from a day low at $14.41 to a day high of $14.73. The price has risen in 6 of the last 10 days and is up by 1.54% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -252 thousand shares and in total, 538 thousand shares were bought and sold for approximately $7.79 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.22% during the next 3 months and, with a 90% probability hold a price between $14.76 and $15.99 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TRIN Signals & Forecast
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 Trinity Capital Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $14.95 and $14.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -5.11%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Trinity Capital Inc. stock
Trinity Capital Inc. finds support from accumulated volume at $14.46 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 $0.319 (2.22%) between high and low. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRIN) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Trinity Capital Inc. to open at $14.54, and during the day (based on 14 day Average True Range), to move between $14.23 and $14.73, which gives a possible trading interval of +/-$0.250 (+/-1.73%) up or down from last closing price. If Trinity Capital Inc. takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.46 (0.14%) than the resistance at $14.76 (1.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trinity Capital Inc. stock A Buy?
The Trinity Capital Inc. stock holds several negative signals and despite the positive trend, we believe Trinity Capital Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.011 Sell Candidate Downgraded
Predicted Opening Price for Trinity Capital Inc. of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$14.54 ( 0.416%) | $14.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.86 | 2.62 % | |
R2 | 14.74 | 1.78 % | ||
R1 | 14.66 | 1.26 % | ||
Current price: | 14.48 | |||
Support | S1 | 14.42 | -0.426 % | |
S2 | 14.34 | -0.95 % | ||
S3 | 14.22 | -1.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.93 | 3.11 % | |
R2 | 14.89 | 2.83 % | ||
R1 | 14.76 | 1.93 % | ||
Current price | 14.48 | |||
Support | S1 | 14.46 | -0.138% | |
S2 | 14.39 | -0.622% | ||
S3 | 14.03 | -3.11% |
TRIN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.510 | 3.64% |
2 | Dec 14, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.500 | 3.44% |
3 | Sep 13, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.540 | 3.89% |
4 | Jun 14, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.530 | 3.60% |
5 | Mar 14, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.470 | 3.72% |
FAQ
Click here for our free guide on how to buy Trinity Capital Inc. Stock.