Trip.com Group Ltd Stock Forecast
Green day on Monday for Trip.com Group Ltd stock after gaining 2.81%
(Updated on Apr 22, 2024)
The Trip.com Group Ltd stock price gained 2.81% on the last trading day (Monday, 22nd Apr 2024), rising from $48.00 to $49.35. During the last trading day the stock fluctuated 2.35% from a day low at $48.32 to a day high of $49.45. The price has been going up and down for this period, and there has been a 1.09% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $171.48 million.
The stock lies in the middle of a strong 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 33.17% during the next 3 months and, with a 90% probability hold a price between $62.81 and $68.65 at the end of this 3-month period.
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TCOM Signals & Forecast
The Trip.com Group Ltd 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 $48.72 and $46.09. 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, April 11, 2024, and so far it has fallen -1.50%. 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).
Support, Risk & Stop-loss for Trip.com Group Ltd stock
Trip.com Group Ltd finds support from accumulated volume at $47.34 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 $1.14 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $47.20 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (TCOM) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Trip.com Group Ltd to open at $49.04, and during the day (based on 14 day Average True Range), to move between $48.06 and $50.64, which gives a possible trading interval of +/-$1.29 (+/-2.61%) up or down from last closing price. If Trip.com Group Ltd takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.38 (0.06%) than the support at $47.34 (4.07%), 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.
Is Trip.com Group Ltd 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 Trip.com Group Ltd stock to perform well in the short-term.
Current score: 3.570 Buy Candidate Unchanged
Predicted Opening Price for Trip.com Group Ltd of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $49.04 ( 0.632%) | $49.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCOM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.17 | 1.67 % | |
| R2 | 49.74 | 0.790 % | ||
| R1 | 49.47 | 0.247 % | ||
| Current price: | 49.35 | |||
| Support | S1 | 48.60 | -1.51 % | |
| S2 | 48.34 | -2.05 % | ||
| S3 | 47.90 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 50.10 | 1.52 % | ||
| R1 | 49.38 | 0.0608 % | ||
| Current price | 49.35 | |||
| Support | S1 | 47.34 | -4.07% | |
| S2 | 45.90 | -6.99% | ||
| S3 | 44.67 | -9.48% |
TCOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2008 | Jun 10, 2008 | Jul 07, 2008 | $0.0305 | 0.286% |
| 2 | Jun 26, 2007 | Jun 27, 2007 | Jul 05, 2007 | $0.0346 | 0.322% |
| 3 | Jun 21, 2006 | Jun 28, 2006 | Jul 14, 2006 | $0.0319 | 0.519% |
| 4 | Jun 24, 2005 | Jun 28, 2005 | Jul 08, 2005 | $0.0188 | 0.536% |
FAQ
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