Trimble Navigation Limited Stock Forecast
Red day on Thursday for Trimble Navigation Limited stock after losing 0.504%
(Updated on Apr 25, 2024)
The Trimble Navigation Limited stock price fell by -0.504% on the last day (Thursday, 25th Apr 2024) from $59.51 to $59.21. During the last trading day the stock fluctuated 1.59% from a day low at $58.30 to a day high of $59.23. The price has fallen in 7 of the last 10 days and is down by -4.55% for this period. Volume has increased on the last day by 639 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $93.50 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $58.49 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.58% during the next 3 months and, with a 90% probability hold a price between $66.43 and $77.04 at the end of this 3-month period.
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TRMB Signals & Forecast
There are few to no technical positive signals at the moment. The Trimble Navigation Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $61.80. On a fall, the stock will find some support from the short-term average at $58.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -8.47%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Trimble Navigation Limited stock
Trimble Navigation Limited finds support from accumulated volume at $58.21 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 $0.93 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRMB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Trimble Navigation Limited to open at $58.91, and during the day (based on 14 day Average True Range), to move between $57.96 and $60.46, which gives a possible trading interval of +/-$1.25 (+/-2.12%) up or down from last closing price. If Trimble Navigation Limited takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.21 (1.69%) than the resistance at $61.45 (3.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Trimble Navigation Limited will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.590. We will update the financials statements for Trimble Navigation Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.00% in the first trading day after earnings release.
Is Trimble Navigation Limited stock A Buy?
The Trimble Navigation Limited stock holds several negative signals and despite the positive trend, we believe Trimble Navigation Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.876 Sell Candidate Unchanged
Predicted Opening Price for Trimble Navigation Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $58.91 ( 0.504%) | $59.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.84 | 1.06 % | |
| R2 | 59.48 | 0.462 % | ||
| R1 | 59.27 | 0.0929 % | ||
| Current price: | 59.21 | |||
| Support | S1 | 58.56 | -1.10 % | |
| S2 | 58.34 | -1.47 % | ||
| S3 | 57.99 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.36 | 8.70 % | |
| R2 | 62.18 | 5.02 % | ||
| R1 | 61.45 | 3.78 % | ||
| Current price | 59.21 | |||
| Support | S1 | 58.21 | -1.69% | |
| S2 | 55.96 | -5.49% | ||
| S3 | 54.69 | -7.63% |
FAQ
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