Triangle Capital Corp Stock Forecast

Red day on Monday for Triangle Capital Corp
(Updated on Apr 22, 2024)

TCAP.L Signals & Forecast

There are few to no technical positive signals at the moment. The Triangle Capital 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 £208.14 and £212.63. 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 08, 2024, and so far it has fallen -9.67%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Triangle Capital Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at £189.00 and £180.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Triangle Capital Corp finds support just below today's level at £189.00. If this is broken, then the next support from accumulated volume will be at £180.80 and £179.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £5.50 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 2.48%.

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

Trading Expectations (TCAP.L) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Triangle Capital Corp to open at £207.33, and during the day (based on 14 day Average True Range), to move between £199.56 and £211.44, which gives a possible trading interval of +/-£5.94 (+/-2.89%) up or down from last closing price. If Triangle Capital Corp takes out the full calculated possible swing range there will be an estimated 5.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £217.00 (5.60%) than the support at £189.00 (8.03%), 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 Triangle Capital Corp stock A Buy?

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

Current score: -2.345 Sell Candidate Unchanged

Predicted Opening Price for Triangle Capital Corp of Tuesday, April 23, 2024

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