T.A.T. Technologies Ltd Stock Forecast
Weaker technical forecast for T.A.T. Technologies Ltd as stock downgraded to Hold/Accumulate.
(Updated on May 06, 2024)
The T.A.T. Technologies Ltd stock price gained 2.08% on the last trading day (Monday, 6th May 2024), rising from $11.92 to $12.17. During the last trading day the stock fluctuated 3.30% from a day low at $11.78 to a day high of $12.17. The price has risen in 6 of the last 10 days and is up by 6.93% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $29.35 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.39% during the next 3 months and, with a 90% probability hold a price between $9.31 and $11.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TATT Signals & Forecast
The T.A.T. Technologies 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 $12.01 and $11.77. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). T.A.T. Technologies Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, May 01, 2024, and so far it has fallen -0.667%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for T.A.T. Technologies Ltd stock
T.A.T. Technologies Ltd finds support from accumulated volume at $11.90 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 $0.388 between high and low, or 3.30%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: $11.68 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TATT) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect T.A.T. Technologies Ltd to open at $12.04, and during the day (based on 14 day Average True Range), to move between $11.78 and $12.56, which gives a possible trading interval of +/-$0.388 (+/-3.19%) up or down from last closing price. If T.A.T. Technologies Ltd takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.38 (1.74%) than the support at $11.90 (2.20%), 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 T.A.T. Technologies Ltd stock A Buy?
T.A.T. Technologies Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.039 Hold/Accumulate Downgraded
Predicted Opening Price for T.A.T. Technologies Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $12.04 ( 1.06%) | $12.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TATT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.43 | 2.13 % | |
| R2 | 12.28 | 0.91 % | ||
| R1 | 12.19 | 0.155 % | ||
| Current price: | 12.17 | |||
| Support | S1 | 11.89 | -2.28 % | |
| S2 | 11.80 | -3.03 % | ||
| S3 | 11.65 | -4.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.74 | 12.92 % | |
| R2 | 12.69 | 4.29 % | ||
| R1 | 12.38 | 1.74 % | ||
| Current price | 12.17 | |||
| Support | S1 | 11.90 | -2.20% | |
| S2 | 11.88 | -2.37% | ||
| S3 | 11.31 | -7.05% |
TATT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 18, 2017 | Jun 07, 2017 | Jun 21, 2017 | $0.340 | 3.22% |
| 2 | Jun 30, 2016 | Jul 27, 2016 | Aug 09, 2016 | $0.340 | 4.31% |
| 3 | Mar 20, 2014 | Apr 23, 2014 | May 07, 2014 | $0.230 | 2.88% |
| 4 | Apr 30, 2012 | May 01, 2012 | May 17, 2012 | $0.283 | 6.42% |
| 5 | Nov 12, 2009 | Nov 19, 2009 | Dec 07, 2009 | $0.300 | 3.45% |
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