Taylor Devices Stock Forecast
A very red day for Taylor Devices stock price after a -5.23% fall in the Tuesday trading session
(Updated on Jul 02, 2024)
The Taylor Devices stock price fell by -5.23% on the last day (Tuesday, 2nd Jul 2024) from $47.26 to $44.79. During the last trading day the stock fluctuated 9.31% from a day low at $44.79 to a day high of $48.96. The price has fallen in 6 of the last 10 days but is still up by 1.31% over the past 2 weeks. Volume has increased on the last day by 23 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, 62 thousand shares were bought and sold for approximately $2.80 million.
The stock lies in the middle of a very 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 -15.41% during the next 3 months and, with a 90% probability hold a price between $33.80 and $43.72 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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TAYD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 10.00%. 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. The Taylor Devices stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $46.70. On a fall, the stock will find some support from the short-term average at $43.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, November 20, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, November 20, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Taylor Devices stock
Taylor Devices finds support from accumulated volume at $43.20 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 $4.17 between high and low, or 9.31%. For the last week, the stock has had daily average volatility of 8.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TAYD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Taylor Devices to open at $46.18, and during the day (based on 14 day Average True Range), to move between $41.61 and $47.97, which gives a possible trading interval of +/-$3.18 (+/-7.09%) up or down from last closing price. If Taylor Devices takes out the full calculated possible swing range there will be an estimated 14.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.98 (0.42%) than the support at $43.20 (3.55%), 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 Taylor Devices stock A Buy?
Taylor Devices holds several negative signals and we believe that 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 Sell candidate.
Current score: -2.679 Sell Candidate Downgraded
Predicted Opening Price for Taylor Devices of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $46.18 ( 3.10%) | $44.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAYD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.35 | 12.41% |
| R2 | 48.76 | 8.86% |
| R1 | 47.77 | 6.66% |
| Price | 44.79 | |
| S1 | 44.59 | -0.453% |
| S2 | 43.60 | -2.65% |
| S3 | 42.01 | -6.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.99 | 22.77% |
| R2 | 51.40 | 14.76% |
| R1 | 44.98 | 0.424% |
| Price | 44.79 | |
| S1 | 43.20 | -3.55% |
| S2 | 41.94 | -6.36% |
| S3 | 40.72 | -9.09% |
TAYD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 04, 1989 | Dec 04, 1989 | Dec 30, 1989 | $0.0200 | 4.00% |
FAQ
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