Triumph Science & Technology Co.,Ltd Stock Forecast
Red day on Thursday for Triumph Science & Technology Co.,Ltd stock after losing 2.41%
(Updated on Jul 04, 2024)
The Triumph Science & Technology Co.,Ltd stock price fell by -2.41% on the last day (Thursday, 4th Jul 2024) from $9.14 to $8.92. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.49% from a day low at $8.89 to a day high of $9.20. The price has fallen in 7 of the last 10 days and is down by -6.99% for this period. Volume has increased on the last day by 2 million 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, 8 million shares were bought and sold for approximately $70.26 million.
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 -22.00% during the next 3 months and, with a 90% probability hold a price between $6.69 and $7.87 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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600552.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.112%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Triumph Science & Technology Co.,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 $9.23 and $9.76. 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). 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 Triumph Science & Technology Co.,Ltd stock
Triumph Science & Technology Co.,Ltd finds support from accumulated volume at $8.91 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 $0.310 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: $8.45 (-5.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (600552.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Triumph Science & Technology Co.,Ltd to open at $9.00, and during the day (based on 14 day Average True Range), to move between $8.56 and $9.28, which gives a possible trading interval of +/-$0.365 (+/-4.09%) up or down from last closing price. If Triumph Science & Technology Co.,Ltd takes out the full calculated possible swing range there will be an estimated 8.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.91 (0.11%) than the resistance at $10.82 (21.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Triumph Science & Technology Co.,Ltd stock A Buy?
Triumph Science & Technology Co.,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: -0.833 Hold/Accumulate Unchanged
Predicted Opening Price for Triumph Science & Technology Co.,Ltd of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $9.00 ( 0.93%) | $8.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600552.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.31 | 4.41% |
| R2 | 9.19 | 3.08% |
| R1 | 9.12 | 2.26% |
| Price | 8.92 | |
| S1 | 8.88 | -0.393% |
| S2 | 8.81 | -1.21% |
| S3 | 8.69 | -2.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.94 | 22.65% |
| R2 | 10.85 | 21.64% |
| R1 | 10.82 | 21.30% |
| Price | 8.92 | |
| S1 | 8.91 | -0.112% |
| S2 | 0 | - |
| S3 | 0 | - |
600552 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Jul 08, 2024 | $0.0500 | 0.557% |
| 2 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | $0.0500 | 0.444% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | $0.100 | 1.25% |
| 4 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | $0.0500 | 0.745% |
| 5 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | $0.100 | 1.56% |
FAQ
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