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 TY
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Green day on Wednesday for Tri Continental Corporation
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 14, 2023 Gain 12.61% PDF

The Tri Continental Corporation stock price gained 0.624% on the last trading day (Wednesday, 27th Mar 2024), rising from $30.44 to $30.63. During the last trading day the stock fluctuated 0.762% from a day low at $30.44 to a day high of $30.67. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 51 thousand shares were bought and sold for approximately $1.56 million.

The stock lies in the middle of a narrow and weak 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 6.78% during the next 3 months and, with a 90% probability hold a price between $32.27 and $33.08 at the end of this 3-month period.

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TY Signals & Forecast

Mostly positive signals in the chart today. The Tri Continental Corporation 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 $30.46 and $29.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 03, 2024, and so far it has risen 8.04%. 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. The stock had a Golden Star Signal on Thursday, April 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, April 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Tri Continental Corporation stock

Tri Continental Corporation finds support from accumulated volume at $29.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.232 between high and low, or 0.762%. For the last week the stock has had daily average volatility of 0.618%.

Our recommended stop-loss: $29.48 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 58 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Tri Continental Corporation to open at $30.58, and during the day (based on 14 day Average True Range), to move between $30.33 and $30.93, which gives a possible trading interval of +/-$0.297 (+/-0.97%) up or down from last closing price. If Tri Continental Corporation takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $29.85, some $0.780 (2.55%) from the current price of $30.63, our system finds the risk reward attractive.

Is Tri Continental Corporation 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 Tri Continental Corporation stock to perform well in the short-term.

Current score: 4.901 Buy Candidate Unchanged

Predicted Opening Price for Tri Continental Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$30.58 ( 0.165%) $30.63

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

Trading levels for TY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 30.81 0.592 %
R2 30.72 0.303 %
R1 30.67 0.124 %
Current price: 30.63
Support S1 30.49 -0.455 %
S2 30.44 -0.634 %
S3 30.35 -0.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 30.63
Support S1 29.85 -2.55%
S2 28.91 -5.62%
S3 28.87 -5.75%

TY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 08, 2024 Mar 19, 2024 $0.256 0.85%
2 Nov 16, 2023 Dec 08, 2023 Dec 19, 2023 $0.101 0.350%
3 Sep 01, 2023 Sep 08, 2023 Sep 19, 2023 $0.261 0.96%
4 May 18, 2023 Jun 09, 2023 Jun 21, 2023 $0.286 1.06%
5 Jun 09, 2023 Mar 10, 2023 Mar 21, 2023 $0.290 1.11%

FAQ

What is the symbol for Tri Continental Corporation Stock and on which exchange is it traded?
The symbol for Tri Continental Corporation is TY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tri Continental Corporation 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 Tri Continental Corporation stock to perform well in the short-term.

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

What's the current price of Tri Continental Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Tri Continental Corporation (TY) share was $30.63.

What is the 52-week high and low for Tri Continental Corporation Stock?
The 52-week high for Tri Continental Corporation Stock is $30.72 and the 52-week low is $25.16.

What is the market capitalization of Tri Continental Corporation Stock?
As of the 2024-03-27, the market capitalization of Tri Continental Corporation is 1.641B.

When is the next earnings date for Tri Continental Corporation?
The upcoming earnings date for Tri Continental Corporation is Aug 30, 2024.
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About Tri Continental Corporation

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was f... TY Profile

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