Photo by Maxim Hopman on Unsplash
 

The Chart of the Day belongs to the single-family homebuilder Tri Pointe Homes (TPH). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 3/16 the stock gained 4.77%.

(Click on image to enlarge)

TPH Price vs Daily Moving Averages

Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home-building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia. It operates active selling communities, and owned or controlled lots. The company sells its homes through own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title and escrow, and property and casualty insurance agency services. The company was formerly known as TRI Pointe Group, Inc. and changed its name to Tri Pointe Homes, Inc. in January 2021. Tri Pointe Homes, Inc. was founded in 2009 and is based in Incline Village, Nevada.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

• 100% technical buy signals
• 46.11+Weighted Alpha
• 28.00% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 10 new highs and up 4.42% in the last month
• Relative Strength Index 61.89%
• Recently traded at $25.28 with a 50-day moving average of $23.57
   

Fundamental Factors:

• Market Cap $2.55 billion
• Revenue is expected to grow 22.60% next year
• Earnings are estimated to increase by 17.40% next year 

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 3 strong buy, 5 buy, and 5 hold opinions on the stock
• Their price targets are $22 to $33 with a consensus of $27.33 about another 8% gain
• Value Line gives it their highest rating of 1 with an 18-month price target of $32 for a 20% gain
• CFRAs MarketScope has a strong buy rating
• 3,970 investors monitor the stock on Seeking Alpha

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