TE Connectivity Ltd Stock Forecast
Green day on Thursday for TE Connectivity Ltd
(Updated on May 02, 2024)
The TE Connectivity Ltd stock price gained 0.402% on the last trading day (Thursday, 2nd May 2024), rising from $139.45 to $140.01. During the last trading day the stock fluctuated 3.02% from a day low at $137.61 to a day high of $141.77. The price has been going up and down for this period, and there has been a -0.33% loss 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, 472 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $232.63 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $139.45 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect TE Connectivity Ltd stock with a 90% probability to be traded between $139.53 and $147.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TEL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.402%. Further rise is indicated until a new top pivot has been found. 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. The TE Connectivity Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $140.64 and $142.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TE Connectivity Ltd stock
TE Connectivity Ltd finds support from accumulated volume at $140.00 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 $4.15 between high and low, or 3.02%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $131.60 (-6.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (TEL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect TE Connectivity Ltd to open at $139.80, and during the day (based on 14 day Average True Range), to move between $137.26 and $142.76, which gives a possible trading interval of +/-$2.75 (+/-1.96%) up or down from last closing price. If TE Connectivity Ltd takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $140.00 (0.01%) than the resistance at $140.48 (0.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TE Connectivity Ltd stock A Buy?
TE Connectivity Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.618 Hold/Accumulate Unchanged
Predicted Opening Price for TE Connectivity Ltd of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $139.80 ( 0.154%) | $140.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.95 | 2.81 % | |
| R2 | 142.36 | 1.68 % | ||
| R1 | 141.38 | 0.98 % | ||
| Current price: | 140.01 | |||
| Support | S1 | 138.21 | -1.29 % | |
| S2 | 137.23 | -1.99 % | ||
| S3 | 135.64 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.99 | 2.84 % | |
| R2 | 141.48 | 1.05 % | ||
| R1 | 140.48 | 0.336 % | ||
| Current price | 140.01 | |||
| Support | S1 | 140.00 | -0.0071% | |
| S2 | 139.45 | -0.400% | ||
| S3 | 139.16 | -0.607% |
TEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | May 23, 2024 | Jun 07, 2024 | $0.650 | 0.464% |
| 2 | Mar 21, 2023 | Feb 15, 2024 | Mar 01, 2024 | $0.590 | 0.410% |
| 3 | Mar 15, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.590 | 0.447% |
| 4 | Mar 15, 2023 | Aug 17, 2023 | Mar 01, 2024 | $0.590 | 0.410% |
| 5 | Mar 15, 2023 | May 18, 2023 | Mar 01, 2024 | $0.590 | 0.410% |
FAQ
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