Transcontinental Realty Investors Inc Forecast and Stock Analysis
Technical TCI stock analysis for Thursday May 23, 2019.
|Shorts||6.17% ( 2019-04-15 )|
|Price to book||USD 0.70|
|Next Earnings Date||n/a|
Transcontinental Realty Investors Inc fell by -2.11% in the last day ( Thursday, 23rd May 2019 ) from $28.40 to $27.80 During day the stock fluctuated 0.00% from a day low at $27.80 to a day high of $27.80. The price has fallen in 6 of the last 10 days and is down by -11.89% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -806 shares and in total 289 shares bought and sold for approximately $8 034.20.
- 30 day high of the TCI stock price was $33.02 and low was $27.15.
- 90 day high was $38.34 and low was $27.15.
- 52 week high for the Transcontinental Realty Investors Inc - $39.39 and low - $23.90.
Transcontinental Realty Investors Inc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $26.94 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.32% during the next 3 months and, with 90% probability hold a price between $23.89 and $29.60 at the end of this period.
There are few to none technical positive signals at the moment. Transcontinental Realty Investors Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $28.79 and $31.43. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Transcontinental Realty Investors Inc finds support from accumulated volume at $27.15.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 3.55%.
Transcontinental Realty Investors Inc 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 stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.55 %Average volatility
Very Low Low Medium High Very High
Transcontinental Realty Investors Inc holds several negative signals and is within a wide 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.
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