Trinity Capital Inc. 7.875% Notes Due Stock Forecast
Trinity Capital Inc. 7.875% Notes Due stock price ended at $25.10 on Friday, after losing 0.238%.
(Updated on Jun 28, 2024)
The Trinity Capital Inc. 7.875% Notes Due stock price fell by -0.238% on the last day (Friday, 28th Jun 2024) from $25.16 to $25.10. During the last trading day the stock fluctuated 0.279% from a day low at $25.10 to a day high of $25.17. The price has been going up and down for this period, and there has been a -1.49% loss for the last 2 weeks. Volume has increased on the last day by 5 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, 6 thousand shares were bought and sold for approximately $154.24 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.04 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Trinity Capital Inc. 7.875% Notes Due stock with a 90% probability to be traded between $24.93 and $25.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TRINZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.200%. 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 Trinity Capital Inc. 7.875% Notes Due 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 $25.14 and $25.30. 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). Trinity Capital Inc. 7.875% Notes Due 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".
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 1.38% to $25.45 within 12 trading days since signal was issued (Friday, July 05, 2024).
Support, Risk & Stop-loss for Trinity Capital Inc. 7.875% Notes Due stock
Trinity Capital Inc. 7.875% Notes Due finds support from accumulated volume at $25.09 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 $0.0700 between high and low, or 0.279%. For the last week the stock has had daily average volatility of 0.119%.
Trinity Capital Inc. 7.875% Notes Due is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRINZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Trinity Capital Inc. 7.875% Notes Due 2029 to open at $25.12, and during the day (based on 14 day Average True Range), to move between $25.01 and $25.19, which gives a possible trading interval of +/-$0.0921 (+/-0.37%) up or down from last closing price. If Trinity Capital Inc. 7.875% Notes Due 2029 takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.09 (0.04%) than the resistance at $25.19 (0.36%), 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. 7.875% Notes Due 2029 stock A Buy?
Trinity Capital Inc. 7.875% Notes Due holds several negative signals and is within a narrow and 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: -3.322 Sell Candidate Unchanged
Predicted Opening Price for Trinity Capital Inc. 7.875% Notes Due 2029 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.12 ( 0.0930%) | $25.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRINZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.19 | 0.372% |
| R2 | 25.17 | 0.265% |
| R1 | 25.15 | 0.199% |
| Price | 25.10 | |
| S1 | 25.10 | -0.0136% |
| S2 | 25.08 | -0.0794% |
| S3 | 25.05 | -0.186% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.55 | 1.79% |
| R2 | 25.30 | 0.797% |
| R1 | 25.19 | 0.359% |
| Price | 25.10 | |
| S1 | 25.09 | -0.0398% |
| S2 | 25.05 | -0.199% |
| S3 | 0 | - |
TRINZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 30, 2024 | $0.492 | 1.96% |
FAQ
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