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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TRN
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Trinity Industries Inc stock price down 1.27% on Tuesday
(Updated on Jun 11, 2024)

Sell candidate since Jun 07, 2024 Loss -1.71% PDF

The Trinity Industries Inc stock price fell by -1.27% on the last day (Tuesday, 11th Jun 2024) from $29.16 to $28.79. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 1.55% from a day low at $28.44 to a day high of $28.88. The price has fallen in 8 of the last 10 days and is down by -6.4% for this period. 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 -15 thousand shares and in total, 318 thousand shares were bought and sold for approximately $9.16 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.48 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.04% during the next 3 months and, with a 90% probability hold a price between $34.19 and $38.46 at the end of this 3-month period.

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TRN Signals & Forecast

There are few to no technical positive signals at the moment. The Trinity Industries Inc 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 $29.84 and $29.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -8.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Industries Inc stock

Trinity Industries Inc finds support from accumulated volume at $27.85 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 $0.440 (1.55%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TRN) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Trinity Industries Inc to open at $28.70, and during the day (based on 14 day Average True Range), to move between $28.07 and $29.51, which gives a possible trading interval of +/-$0.723 (+/-2.51%) up or down from last closing price. If Trinity Industries Inc takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.55 (2.64%) than the support at $27.85 (3.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Trinity Industries Inc stock A Buy?

The Trinity Industries Inc stock holds several negative signals and despite the positive trend, we believe Trinity Industries Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.081 Sell Candidate Unchanged

Predicted Opening Price for Trinity Industries Inc of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$28.70 ( 0.301%) $28.79

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

Trading levels for TRN

Fibonacci Support & Resistance Levels

Level Price
R3 29.14 1.23%
R2 28.98 0.643%
R1 28.87 0.283%
Price 28.79
S1 28.54 -0.88%
S2 28.43 -1.25%
S3 28.26 -1.83%

Accumulated Volume Support & Resistance Levels

Level Price
R3 31.24 8.51%
R2 30.05 4.38%
R1 29.55 2.64%
Price 28.79
S1 27.85 -3.27%
S2 26.76 -7.05%
S3 25.98 -9.76%

TRN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 15, 2024 Jul 15, 2024 Jul 31, 2024 $0.280 0.97%
2 Mar 07, 2024 Apr 12, 2024 Apr 30, 2024 $0.280 1.08%
3 Jan 11, 2024 Jan 11, 2024 Jan 31, 2024 $0.280 1.11%
4 Sep 06, 2023 Oct 12, 2023 Oct 31, 2023 $0.260 1.25%
5 May 09, 2023 Jul 13, 2023 Jul 31, 2023 $0.260 0.99%

FAQ

What is the symbol for Trinity Industries Inc Stock and on which exchange is it traded?
The symbol for Trinity Industries Inc is TRN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Trinity Industries Inc Stock?
The Trinity Industries Inc stock holds several negative signals and despite the positive trend, we believe Trinity Industries Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Trinity Industries Inc Stock?
Trinity Industries 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 Trinity Industries Inc Stock.

What's the current price of Trinity Industries Inc Stock?
As of the end of day on the Jun 11, 2024, the price of an Trinity Industries Inc (TRN) share was $28.79.

What is the 52-week high and low for Trinity Industries Inc Stock?
The 52-week high for Trinity Industries Inc Stock is $32.00 and the 52-week low is $20.04.

What is the market capitalization of Trinity Industries Inc Stock?
As of the Jun 11, 2024, the market capitalization of Trinity Industries Inc is 2.356B.

When is the next earnings date for Trinity Industries Inc?
The upcoming earnings date for Trinity Industries Inc is Aug 06, 2024.
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About Trinity Industries Inc

Trinity Industries Trinity Industries, Inc. provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services. As of December ... TRN Profile

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