T.A.T. Technologies Ltd Stock Forecast
Green day on Wednesday for T.A.T. Technologies Ltd
(Updated on May 01, 2024)
The T.A.T. Technologies Ltd stock price gained 1.07% on the last trading day (Wednesday, 1st May 2024), rising from $12.12 to $12.25. During the last trading day the stock fluctuated 4.17% from a day low at $11.76 to a day high of $12.25. The price has risen in 6 of the last 10 days and is up by 9.62% over the past 2 weeks. Volume fell on the last day by -543 shares and in total, 3 thousand shares were bought and sold for approximately $32.27 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -10.09% during the next 3 months and, with a 90% probability hold a price between $9.80 and $11.45 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 $11.84 and $11.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 10.26%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
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.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.490 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: $11.85 (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (TATT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect T.A.T. Technologies Ltd to open at $12.09, and during the day (based on 14 day Average True Range), to move between $11.85 and $12.65, which gives a possible trading interval of +/-$0.396 (+/-3.23%) 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 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.50 (2.04%) than the support at $11.90 (2.86%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.979 Buy Candidate Unchanged
Predicted Opening Price for T.A.T. Technologies Ltd of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $12.09 ( 1.33%) | $12.25 |
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 | 12.58 | 2.67 % | |
| R2 | 12.39 | 1.14 % | ||
| R1 | 12.27 | 0.195 % | ||
| Current price: | 12.25 | |||
| Support | S1 | 11.90 | -2.86 % | |
| S2 | 11.78 | -3.81 % | ||
| S3 | 11.60 | -5.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.74 | 12.16 % | |
| R2 | 12.69 | 3.59 % | ||
| R1 | 12.50 | 2.04 % | ||
| Current price | 12.25 | |||
| Support | S1 | 11.90 | -2.86% | |
| S2 | 11.88 | -3.02% | ||
| S3 | 11.31 | -7.67% |
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% |
FAQ
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