TriMas Corporation Stock Forecast
TriMas Corporation stock price up 0.114% on Wednesday
(Updated on Apr 24, 2024)
The TriMas Corporation stock price gained 0.114% on the last trading day (Wednesday, 24th Apr 2024), rising from $26.25 to $26.28. During the last trading day the stock fluctuated 1.07% from a day low at $26.07 to a day high of $26.35. The price has risen in 6 of the last 10 days and is up by 2.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 52 thousand more shares were traded than the day before. In total, 205 thousand shares were bought and sold for approximately $5.39 million.
The stock lies in the middle of a wide 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 5.71% during the next 3 months and, with a 90% probability hold a price between $25.68 and $28.71 at the end of this 3-month period.
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TRS Signals & Forecast
The TriMas 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 $25.74 and $25.66. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-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 TriMas Corporation stock
TriMas Corporation finds support from accumulated volume at $25.37 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 $0.280 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: $25.21 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (TRS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TriMas Corporation to open at $26.23, and during the day (based on 14 day Average True Range), to move between $25.74 and $26.82, which gives a possible trading interval of +/-$0.538 (+/-2.05%) up or down from last closing price. If TriMas Corporation takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.38 (0.38%) than the support at $25.37 (3.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
TriMas Corporation will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.290. We will update the financials statements for TriMas Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.49% in the first trading day after earnings release.
Is TriMas Corporation stock A Buy?
TriMas Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.189 Hold/Accumulate Unchanged
Predicted Opening Price for TriMas Corporation of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$26.23 ( 0.178%) | $26.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.51 | 0.89 % | |
R2 | 26.41 | 0.481 % | ||
R1 | 26.34 | 0.229 % | ||
Current price: | 26.28 | |||
Support | S1 | 26.13 | -0.585 % | |
S2 | 26.06 | -0.84 % | ||
S3 | 25.95 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.53 | 0.95 % | |
R2 | 26.42 | 0.533 % | ||
R1 | 26.38 | 0.381 % | ||
Current price | 26.28 | |||
Support | S1 | 25.37 | -3.46% | |
S2 | 23.50 | -10.58% | ||
S3 | 23.48 | -10.65% |
TRS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Feb 29, 2024 | $0 | 0% |
2 | Oct 19, 2023 | Nov 01, 2023 | Nov 09, 2023 | $0.0400 | 0.172% |
3 | Jul 19, 2023 | Aug 02, 2023 | Aug 10, 2023 | $0.0400 | 0.155% |
4 | Apr 19, 2023 | May 03, 2023 | May 11, 2023 | $0.0400 | 0.156% |
5 | Feb 15, 2023 | Mar 01, 2023 | May 11, 2023 | $0.0400 | 0.156% |
FAQ
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