Tribune Publishing Company Fund Forecast

Weaker technical forecast for Tribune Publishing Company as fund downgraded to Sell Candidate.
(Updated on Oct 26, 2018)

TRNC Signals & Forecast

There are mixed signals in the fund today. The Tribune Publishing Company fund 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 $16.11 and $16.26. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, October 01, 2018, and so far it has risen 0.374%. 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).

Support, Risk & Stop-loss for Tribune Publishing Company fund

Tribune Publishing Company finds support from accumulated volume at $16.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $15.14 (-5.99%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (TRNC) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Tribune Publishing Company to open at $16.11, and during the day (based on 14 day Average True Range), to move between $15.90 and $16.32, which gives a possible trading interval of +/-$0.211 (+/-1.31%) up or down from last closing price. If Tribune Publishing Company takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.10 (0.06%) than the resistance at $16.58 (2.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tribune Publishing Company fund A Buy?

Tribune Publishing Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.000 Sell Candidate Downgraded

Predicted Opening Price for Tribune Publishing Company of Monday, October 29, 2018

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