Should You Buy Tricon Residential Inc (TCN) Stock After it Has Fallen 8.24% in a Week?

Thursday, September 28, 2023 02:16 PM | InvestorsObserver Analysts

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Should You Buy Tricon Residential Inc (TCN) Stock After it Has Fallen 8.24% in a Week?

The market has been down on Tricon Residential Inc (TCN) stock recently. TCN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Tricon Residential Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TCN!

See Full TCN Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With TCN Stock Today?

Tricon Residential Inc (TCN) stock is trading at $7.35 as of 2:14 PM on Thursday, Sep 28, a drop of -$0.10, or -1.34% from the previous closing price of $7.45. The stock has traded between $7.31 and $7.45 so far today. Volume today is below average. So far 478,526 shares have traded compared to average volume of 684,811 shares. To see InvestorsObserver's Sentiment Score for Tricon Residential Inc click here.

More About Tricon Residential Inc

Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 29000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform. Click Here to get the full Stock Report for Tricon Residential Inc stock.