TransAct Technologies Incorporated Stock Forecast
Big movements in TransAct Technologies Incorporated stock price on Tuesday moving 14.58% between high and low
(Updated on May 07, 2024)
The TransAct Technologies Incorporated stock price fell by -23.88% on the last day (Tuesday, 7th May 2024) from $5.15 to $3.92. During the last trading day the stock fluctuated 14.58% from a day low at $3.91 to a day high of $4.48. The price has risen in 5 of the last 10 days but is still down by -13.85% for this period. Volume has increased on the last day by 95 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, 114 thousand shares were bought and sold for approximately $448.12 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($4.02) are considered to be a "second chance" to get out. According to the fan-theory $2.95 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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TACT Signals & Forecast
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. The TransAct Technologies Incorporated 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 $4.99 and $4.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -26.73%. Further fall is indicated until a new bottom pivot has been found. TransAct Technologies Incorporated gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for TransAct Technologies Incorporated stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.570 between high and low, or 14.58%. For the last week, the stock has had daily average volatility of 5.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TACT) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect TransAct Technologies Incorporated to open at $4.10, and during the day (based on 14 day Average True Range), to move between $3.62 and $4.22, which gives a possible trading interval of +/-$0.300 (+/-7.64%) up or down from last closing price. If TransAct Technologies Incorporated takes out the full calculated possible swing range there will be an estimated 15.29% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.55, some $0.630 (16.07%) from the current price of $3.92, our system finds the risk reward not very attractive.
Is TransAct Technologies Incorporated stock A Buy?
TransAct Technologies Incorporated holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Strong Sell candidate.
Current score: -7.250 Strong Sell Candidate Downgraded
Predicted Opening Price for TransAct Technologies Incorporated of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $4.10 ( 4.68%) | $3.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TACT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.67 | 19.22 % | |
| R2 | 4.46 | 13.66 % | ||
| R1 | 4.32 | 10.23 % | ||
| Current price: | 3.92 | |||
| Support | S1 | 3.89 | -0.88 % | |
| S2 | 3.75 | -4.31 % | ||
| S3 | 3.53 | -9.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.73 | 20.66 % | |
| R2 | 4.67 | 19.13 % | ||
| R1 | 4.55 | 16.07 % | ||
| Current price | 3.92 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TACT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 31, 2019 | Nov 19, 2019 | Dec 16, 2019 | $0.0900 | 0.82% |
| 2 | Aug 02, 2019 | Aug 19, 2019 | Sep 16, 2019 | $0.0900 | 0.771% |
| 3 | May 01, 2019 | May 17, 2019 | Jun 14, 2019 | $0.0900 | 0.84% |
| 4 | Feb 14, 2019 | Feb 19, 2019 | Mar 15, 2019 | $0.0900 | 1.03% |
| 5 | Nov 05, 2018 | Nov 19, 2018 | Dec 14, 2018 | $0.0900 | 0.98% |
FAQ
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