Technical Analysis for TCN - Tricon Capital Group Inc.

Grade Last Price % Change Price Change
A 15.340 -0.78% -0.120
TCN closed down 0.78 percent on Thursday, May 2, 2024, on 25 percent of normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup -0.78%
New 52 Week Closing High Bullish -0.78%

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Profile

Tricon Capital Group Inc. Description

Tricon Capital Group Inc. is a Canada-based company, which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Luxury Residences (TLR). In Private Funds and Advisory, the Company manages, on behalf of private investors, commingled funds, sidecars and separate investment accounts that invest in the development of real estate in North America. Tricon's investment activities are carried on through Tricon Housing Partners (land and homebuilding), Tricon American Homes (single-family rental), Tricon Lifestyle Communities (manufactured housing communities) and Tricon Luxury Residences (purpose-built multi-family apartments). It manages capital on behalf of third-party institutional and high net-worth accredited investors.


Classification

Sector: Real Estate
Industry: Real Estate Services
Keywords: Real Estate Residential Investor Credit Apartment Cars Lifestyle Residential Real Estate Real Estate Industry

Is TCN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 15.57
52 Week Low 8.9737
Average Volume 701,105
200-Day Moving Average 12.422
50-Day Moving Average 15.143
20-Day Moving Average 15.234
10-Day Moving Average 15.275
Average True Range 0.160
RSI (14) 58.51
ADX 40.57
+DI 23.484
-DI 32.583
Chandelier Exit (Long, 3 ATRs) 15.092
Chandelier Exit (Short, 3 ATRs) 14.019
Upper Bollinger Bands 15.459
Lower Bollinger Band 15.009
Percent B (%b) 0.74
BandWidth 2.950
MACD Line 0.083
MACD Signal Line 0.067
MACD Histogram 0.0154
Fundamentals Value
Market Cap 2.96 Billion
Num Shares 193 Million
EPS 0.36
Price-to-Earnings (P/E) Ratio 42.14
Price-to-Sales 4.40
Price-to-Book 0.98
PEG Ratio 0.00
Dividend 0.28
Dividend Yield 1.83%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.685
Resistance 3 (R3) 15.723 15.647 15.628
Resistance 2 (R2) 15.647 15.559 15.628 15.608
Resistance 1 (R1) 15.493 15.505 15.455 15.455 15.589
Pivot Point 15.417 15.417 15.398 15.398 15.417
Support 1 (S1) 15.263 15.329 15.225 15.225 15.091
Support 2 (S2) 15.187 15.275 15.168 15.072
Support 3 (S3) 15.033 15.187 15.053
Support 4 (S4) 14.995