TRINITY PL HLDGS 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
TRINITY PL HLDGS INC stock price ended at $0.138 on Friday, after losing 3.50%.
(Updated on Apr 19, 2024)
The TRINITY PL HLDGS INC stock price fell by -3.50% on the last day (Friday, 19th Apr 2024) from $0.143 to $0.138. During the last trading day the stock fluctuated 5.62% from a day low at $0.135 to a day high of $0.143. The price has fallen in 6 of the last 10 days and is down by -1.43% 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 -381 thousand shares and in total, 153 thousand shares were bought and sold for approximately $21.09 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.157 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.44% during the next 3 months and, with a 90% probability hold a price between $0.0406 and $0.112 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TPHS Signals & Forecast
There are few to no technical positive signals at the moment. The TRINITY PL HLDGS 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 $0.143 and $0.143. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -23.50%. 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 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.
Support, Risk & Stop-loss for TRINITY PL HLDGS INC stock
TRINITY PL HLDGS INC finds support from accumulated volume at $0.135 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0076 between high and low, or 5.62%. For the last week the stock has had daily average volatility of 6.04%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect TRINITY PL HLDGS INC to open at $0.139, and during the day (based on 14 day Average True Range), to move between $0.120 and $0.156, which gives a possible trading interval of +/-$0.0182 (+/-13.18%) 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 26.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.135 (2.25%) than the resistance at $0.149 (7.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TRINITY PL HLDGS INC stock A Buy?
TRINITY PL HLDGS INC holds several negative signals and is within a very 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.
Current score: -3.191 Sell Candidate Unchanged
Predicted Opening Price for TRINITY PL HLDGS INC of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.139 ( 0.483%) | $0.138 |
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 | 0.146 | 5.99 % | |
| R2 | 0.143 | 3.89 % | ||
| R1 | 0.142 | 2.59 % | ||
| Current price: | 0.138 | |||
| Support | S1 | 0.136 | -1.62 % | |
| S2 | 0.134 | -2.92 % | ||
| S3 | 0.131 | -5.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.158 | 14.49 % | |
| R2 | 0.157 | 13.77 % | ||
| R1 | 0.149 | 7.97 % | ||
| Current price | 0.138 | |||
| Support | S1 | 0.135 | -2.25% | |
| S2 | 0.133 | -3.62% | ||
| S3 | 0.133 | -3.91% |
FAQ
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