TFI International Inc. Stock Forecast
TFI International Inc. stock downgraded to Strong Sell Candidate
(Updated on Apr 25, 2024)
The TFI International Inc. stock price fell by -0.0468% on the last day (Thursday, 25th Apr 2024) from $192.43 to $192.34. During the last trading day the stock fluctuated 1.63% from a day low at $190.40 to a day high of $193.51. The price has fallen in 7 of the last 10 days and is down by -11.09% 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 -93 thousand shares and in total, 257 thousand shares were bought and sold for approximately $49.38 million.
Given the current short-term trend, the stock is expected to rise 14.68% during the next 3 months and, with a 90% probability hold a price between $220.57 and $258.56 at the end of this 3-month period.
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TFII.TO Signals & Forecast
There are few to no technical positive signals at the moment. The TFI International 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 $196.49 and $208.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -12.53%. 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). 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 TFI International Inc. stock
TFI International Inc. finds support from accumulated volume at $191.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $3.11 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 2.67%.
TFI International Inc. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TFII.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect TFI International Inc. to open at $192.08, and during the day (based on 14 day Average True Range), to move between $187.22 and $197.46, which gives a possible trading interval of +/-$5.12 (+/-2.66%) up or down from last closing price. If TFI International Inc. takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $192.43 (0.05%) than the support at $191.59 (0.39%), 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 TFI International Inc. stock A Buy?
The TFI International Inc. stock holds several negative signals and despite the positive trend, we believe TFI International Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -5.111 Strong Sell Candidate Downgraded
Predicted Opening Price for TFI International Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $192.08 ( 0.133%) | $192.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFII.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.19 | 1.48 % | |
| R2 | 194.01 | 0.87 % | ||
| R1 | 193.27 | 0.484 % | ||
| Current price: | 192.34 | |||
| Support | S1 | 190.90 | -0.751 % | |
| S2 | 190.16 | -1.13 % | ||
| S3 | 188.97 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 198.77 | 3.34 % | |
| R2 | 193.40 | 0.551 % | ||
| R1 | 192.43 | 0.0468 % | ||
| Current price | 192.34 | |||
| Support | S1 | 191.59 | -0.390% | |
| S2 | 188.86 | -1.81% | ||
| S3 | 178.69 | -7.10% |
TFII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.543 | 0.253% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.464 | 0.319% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.475 | 0.304% |
| 5 | Oct 27, 2022 | Dec 29, 2022 | Jan 16, 2023 | $0.476 | 0.333% |
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