Teradyne Inc Stock Forecast
Teradyne Inc stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Teradyne Inc stock price gained 4.79% on the last trading day (Friday, 26th Apr 2024), rising from $108.91 to $114.13. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.98% from a day low at $110.28 to a day high of $114.67. The price has risen in 6 of the last 10 days and is up by 7.8% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 5 million shares were bought and sold for approximately $584.66 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $115.28 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.05% during the next 3 months and, with a 90% probability hold a price between $103.39 and $123.40 at the end of this 3-month period.
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TER Signals & Forecast
The Teradyne Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $102.50 and $106.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 18.92%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Teradyne Inc stock
Teradyne Inc finds support from accumulated volume at $108.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.39 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: $110.30 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (TER) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Teradyne Inc to open at $113.03, and during the day (based on 14 day Average True Range), to move between $110.31 and $117.95, which gives a possible trading interval of +/-$3.82 (+/-3.34%) up or down from last closing price. If Teradyne Inc takes out the full calculated possible swing range there will be an estimated 6.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $108.91, some $5.22 (4.57%) from the current price of $114.13, our system finds the risk reward attractive.
Is Teradyne Inc 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 Teradyne Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.472 Buy Candidate Upgraded
Predicted Opening Price for Teradyne Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $113.03 ( 0.97%) | $114.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.42 | 2.88 % | |
| R2 | 115.74 | 1.41 % | ||
| R1 | 114.70 | 0.503 % | ||
| Current price: | 114.13 | |||
| Support | S1 | 111.35 | -2.44 % | |
| S2 | 110.31 | -3.34 % | ||
| S3 | 108.64 | -4.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 114.13 | |||
| Support | S1 | 108.91 | -4.57% | |
| S2 | 96.59 | -15.37% | ||
| S3 | 95.14 | -16.64% |
TER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 15, 2024 | Mar 15, 2024 | $0.120 | 0.116% |
| 2 | Nov 13, 2023 | Nov 24, 2023 | Dec 20, 2023 | $0.110 | 0.106% |
| 3 | Aug 21, 2023 | Aug 31, 2023 | Sep 25, 2023 | $0.110 | 0.114% |
| 4 | May 11, 2023 | May 23, 2023 | Jun 16, 2023 | $0.110 | 0.0990% |
| 5 | Jan 25, 2023 | Feb 16, 2023 | Mar 17, 2023 | $0.110 | 0.105% |
FAQ
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