RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TNET
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Green day on Wednesday for TriNet Group Inc
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 09, 2024 Gain 17.43% PDF

The TriNet Group Inc stock price gained 0.456% on the last trading day (Wednesday, 27th Mar 2024), rising from $131.66 to $132.26. During the last trading day the stock fluctuated 1.46% from a day low at $131.56 to a day high of $133.48. The price has risen in 6 of the last 10 days and is up by 4.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 136 thousand shares were bought and sold for approximately $18.00 million.

The stock 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 13.98% during the next 3 months and, with a 90% probability hold a price between $136.71 and $156.14 at the end of this 3-month period.

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TNET Signals & Forecast

Mostly positive signals in the chart today. The TriNet Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $131.15 and $124.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 7.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for TriNet Group Inc stock

TriNet Group Inc finds support from accumulated volume at $127.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.92 (1.46%) between high and low. For the last week, the stock has had daily average volatility of 1.30%.

Our recommended stop-loss: $126.46 (-4.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (TNET) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect TriNet Group Inc to open at $132.43, and during the day (based on 14 day Average True Range), to move between $129.73 and $134.79, which gives a possible trading interval of +/-$2.53 (+/-1.92%) up or down from last closing price. If TriNet Group Inc takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $127.18, some $5.08 (3.84%) from the current price of $132.26, our system finds the risk reward attractive.

Is TriNet Group Inc stock A Buy?

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 TriNet Group Inc stock to perform well in the short-term.

Current score: 4.824 Buy Candidate Unchanged

Predicted Opening Price for TriNet Group Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$132.43 ( 0.130%) $132.26

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

Trading levels for TNET

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 134.36 1.59 %
R2 133.62 1.03 %
R1 133.17 0.686 %
Current price: 132.26
Support S1 131.70 -0.426 %
S2 131.24 -0.770 %
S3 130.51 -1.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 132.26
Support S1 127.18 -3.84%
S2 123.24 -6.82%
S3 114.91 -13.12%

TNET Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Apr 22, 2024 $0.250 0.189%

FAQ

What is the symbol for TriNet Group Inc Stock and on which exchange is it traded?
The symbol for TriNet Group Inc is TNET and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell TriNet Group Inc Stock?
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 TriNet Group Inc stock to perform well in the short-term.

How to buy TriNet Group Inc Stock?
TriNet Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TriNet Group Inc Stock.

What's the current price of TriNet Group Inc Stock?
As of the end of day on the 2024-03-27, the price of an TriNet Group Inc (TNET) share was $132.26.

What is the 52-week high and low for TriNet Group Inc Stock?
The 52-week high for TriNet Group Inc Stock is $133.48 and the 52-week low is $75.87.

What is the market capitalization of TriNet Group Inc Stock?
As of the 2024-03-27, the market capitalization of TriNet Group Inc is 6.688B.

When is the next earnings date for TriNet Group Inc?
The upcoming earnings date for TriNet Group Inc is Apr 24, 2024.
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About TriNet Group Inc

TriNet Group TriNet Group, Inc. provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR ... TNET Profile

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