Transcontinental Realty Investors Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Transcontinental Realty Investors Inc stock downgraded from Sell Candidate to Strong Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Transcontinental Realty Investors Inc stock price fell by -3.50% on the last day (Wednesday, 24th Apr 2024) from $31.39 to $30.29. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 5.04% from a day low at $29.57 to a day high of $31.06. The price has fallen in 10 of the last 10 days and is down by -14.92% for this period. Volume has increased on the last day by 3 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, 5 thousand shares were bought and sold for approximately $139.61 thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($31.81) are considered to be a "second chance" to get out. According to the fan-theory $26.81 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TCI Signals & Forecast
There are few to no technical positive signals at the moment. The Transcontinental Realty Investors 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 $31.70 and $36.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -23.53%. 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). Transcontinental Realty Investors Inc 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 sell signal from a double top formation was found on Thursday, March 21, 2024 with a target of $33.97. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Transcontinental Realty Investors Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.49 between high and low, or 5.04%. For the last week, the stock has had daily average volatility of 2.13%.
Transcontinental Realty Investors Inc is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Transcontinental Realty Investors Inc to open at $30.31, and during the day (based on 14 day Average True Range), to move between $29.45 and $31.13, which gives a possible trading interval of +/-$0.84 (+/-2.76%) up or down from last closing price. If Transcontinental Realty Investors Inc takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $36.00, some $5.71 (18.85%) from the current price of $30.29, our system finds the risk reward not very attractive.
Is Transcontinental Realty Investors Inc stock A Buy?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.554 Strong Sell Candidate Downgraded
Predicted Opening Price for Transcontinental Realty Investors Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $30.31 ( 0.0550%) | $30.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.80 | 4.97 % | |
| R2 | 31.23 | 3.10 % | ||
| R1 | 30.88 | 1.93 % | ||
| Current price: | 30.29 | |||
| Support | S1 | 29.74 | -1.82 % | |
| S2 | 29.39 | -2.98 % | ||
| S3 | 28.82 | -4.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.25 | 22.98 % | |
| R2 | 36.71 | 21.20 % | ||
| R1 | 36.00 | 18.85 % | ||
| Current price | 30.29 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2000 | Sep 15, 2000 | Sep 29, 2000 | $0.180 | 1.13% |
| 2 | Jun 08, 2000 | Jun 13, 2000 | Jun 30, 2000 | $0.180 | 1.48% |
| 3 | Feb 10, 2000 | Mar 13, 2000 | Mar 31, 2000 | $0.180 | 1.44% |
| 4 | Nov 22, 1999 | Dec 13, 1999 | Dec 31, 1999 | $0.150 | 1.19% |
| 5 | Sep 09, 1999 | Sep 16, 1999 | Oct 05, 1999 | $0.150 | 1.23% |
FAQ
Click here for our free guide on how to buy Transcontinental Realty Investors Inc Stock.
