Grupo TMM S.A.B. Stock Forecast
Grupo TMM S.A.B. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of Grupo TMM S.A.B. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $1.12 to a day high of $1.12. The price has risen in 4 of the last 10 days and is up by 49.33% over the past 2 weeks.
The stock lies in the middle of a very wide and 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 154.57% during the next 3 months and, with a 90% probability hold a price between $1.93 and $3.94 at the end of this 3-month period.
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GTMAY Signals & Forecast
The Grupo TMM S.A.B. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.25. On a fall, the stock will find some support from the long-term average at approximately $0.727. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Grupo TMM S.A.B. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.05 and $0.88. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.88 may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $1.05 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (GTMAY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Grupo TMM S.A.B. to open at $1.12, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.25, which gives a possible trading interval of +/-$0.131 (+/-11.73%) up or down from last closing price. If Grupo TMM S.A.B. takes out the full calculated possible swing range there will be an estimated 23.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.05 (6.25%) than the resistance at $1.25 (11.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grupo TMM S.A.B. stock A Buy?
Grupo TMM S.A.B. 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Grupo TMM S.A.B. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$1.12 ( 0%) | $1.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTMAY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.12 | - |
R2 | 1.12 | - |
R1 | 1.12 | - |
Price | 1.12 | |
S1 | 1.12 | - |
S2 | 1.12 | - |
S3 | 1.12 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 1.25 | 11.61% |
Price | 1.12 | |
S1 | 1.05 | -6.25% |
S2 | 0.88 | -21.43% |
S3 | 0 | - |
GTMAY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 20, 1997 | Nov 20, 1997 | Nov 20, 1997 | $1.75 | 5.23% |
2 | Nov 20, 1996 | Nov 20, 1996 | Nov 20, 1996 | $0.88 | 3.04% |
3 | Mar 20, 1996 | Mar 20, 1996 | Mar 20, 1996 | $0.88 | 2.37% |
4 | May 06, 1994 | May 06, 1994 | May 06, 1994 | $0.90 | 2.65% |
5 | Apr 28, 1994 | Apr 28, 1994 | Apr 28, 1994 | $0.175 | 0.467% |
FAQ
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