Transcontinental Realty Investors Inc Forecast and Stock Analysis
Technical TCI stock analysis for March 19, 2019.
|Shorts||20.20% ( 2019-02-28 )|
Transcontinental Realty Investors Inc gained 3.13% in the last trading day, rising from $33.72 to $34.78 The price has been going up and down for this period, and there has been a 3.1% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 251 more shares were traded than the day before. In total, 1 156 shares bought and sold for approximately $40 199.90.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the TCI stock was $34.78. This is 3.13% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 1.30% from a day low at $34.65 to a day high of $35.10.
30 day high of the TCI stock price was $38.34 and low was $30.52.
90 day high was $38.34 and low was $26.73.
52 week high for the Transcontinental Realty Investors Inc - $52.00 and low - $23.90.
Transcontinental Realty Investors Inc lies in the middle of a wide and strong 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 15.17% during the next 3 months and, with 90% probability hold a price between $36.73 and $44.91 at the end of this period.
Only positive signals in the chart today. Transcontinental Realty Investors Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $35.36. On a fall, the stock will find some support from the long-term average at approximately $33.35. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday March 18, 2019, which indicates further gains until a new top pivot has been found. Transcontinental Realty Investors Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Transcontinental Realty Investors Inc finds support from accumulated volume at $34.70.
This stock may move much during a 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 $0.45 between high and low, or 1.30%. For the last week, the stock has had a daily average volatility of 3.11%.
Our recommended stoploss: $32.98 (-5.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.