TRINITY PL HLDGS INC Stock Forecast
Volatile ride for TRINITY PL HLDGS INC stock price on Wednesday moving between $0.125 and $0.160
(Updated on Mar 27, 2024)
The TRINITY PL HLDGS INC stock price gained 16.23% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.135 to $0.157. During the last trading day the stock fluctuated 27.82% from a day low at $0.125 to a day high of $0.160. The price has fallen in 7 of the last 10 days but is still up by 20.89% 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, 512 thousand more shares were traded than the day before. In total, 941 thousand shares were bought and sold for approximately $147.49 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.88% during the next 3 months and, with a 90% probability hold a price between $0.0411 and $0.166 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TPHS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). TRINITY PL HLDGS INC has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TRINITY PL HLDGS INC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.159. On a fall, the stock will find some support from the short-term average at $0.147. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, January 12, 2024, and so far it has fallen -40.11%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TRINITY PL HLDGS INC stock
TRINITY PL HLDGS INC finds support from accumulated volume at $0.149 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0348 between high and low, or 27.82%. For the last week, the stock has had daily average volatility of 16.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TPHS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect TRINITY PL HLDGS INC to open at $0.147, and during the day (based on 14 day Average True Range), to move between $0.121 and $0.193, which gives a possible trading interval of +/-$0.0361 (+/-22.99%) up or down from last closing price. If TRINITY PL HLDGS INC takes out the full calculated possible swing range there will be an estimated 45.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.158 (0.77%) than the support at $0.149 (4.97%), 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 TRINITY PL HLDGS INC stock A Buy?
TRINITY PL HLDGS INC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.927 Sell Candidate Upgraded
Predicted Opening Price for TRINITY PL HLDGS INC of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.147 ( 6.08%) | $0.157 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPHS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.182 | 16.11 % | |
R2 | 0.169 | 7.64 % | ||
R1 | 0.161 | 2.40 % | ||
Current price: | 0.157 | |||
Support | S1 | 0.134 | -14.56 % | |
S2 | 0.126 | -19.80 % | ||
S3 | 0.112 | -28.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.180 | 15.05 % | |
R2 | 0.176 | 12.31 % | ||
R1 | 0.158 | 0.765 % | ||
Current price | 0.157 | |||
Support | S1 | 0.149 | -4.97% | |
S2 | 0.138 | -11.99% | ||
S3 | 0.133 | -15.18% |
FAQ
Click here for our free guide on how to buy TRINITY PL HLDGS INC Stock.