Trip.com Group Ltd Stock Forecast
Green day on Tuesday for Trip.com Group Ltd
(Updated on Jul 02, 2024)
The Trip.com Group Ltd stock price gained 0.336% on the last trading day (Tuesday, 2nd Jul 2024), rising from $47.55 to $47.71. During the last trading day the stock fluctuated 2.11% from a day low at $46.86 to a day high of $47.85. The price has been going up and down for this period, and there has been a -5.04% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 550 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $95.59 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $47.01 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Trip.com Group Ltd stock with a 90% probability to be traded between $47.31 and $57.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TCOM Signals & Forecast
There are mixed signals in the stock today. The Trip.com Group 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 $47.97 and $51.55. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 1.51%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Trip.com Group Ltd stock
Trip.com Group Ltd finds support from accumulated volume at $47.55 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 $0.99 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 1.99%.
Trip.com Group Ltd is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCOM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Trip.com Group Ltd to open at $47.47, and during the day (based on 14 day Average True Range), to move between $46.54 and $48.88, which gives a possible trading interval of +/-$1.17 (+/-2.46%) up or down from last closing price. If Trip.com Group Ltd takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $47.55 (0.34%) than the resistance at $50.60 (6.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trip.com Group Ltd stock A Buy?
Trip.com Group Ltd 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.
Current score: -1.697 Sell Candidate Unchanged
Predicted Opening Price for Trip.com Group Ltd of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$47.47 ( 0.496%) | $47.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCOM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 48.46 | 1.58% |
R2 | 48.09 | 0.786% |
R1 | 47.85 | 0.297% |
Price | 47.71 | |
S1 | 47.10 | -1.29% |
S2 | 46.86 | -1.78% |
S3 | 46.48 | -2.57% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.96 | 8.91% |
R2 | 51.65 | 8.26% |
R1 | 50.60 | 6.06% |
Price | 47.71 | |
S1 | 47.55 | -0.335% |
S2 | 47.50 | -0.440% |
S3 | 47.00 | -1.49% |
TCOM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 03, 2008 | Jun 10, 2008 | Jul 07, 2008 | $0.0305 | 0.286% |
2 | Jun 26, 2007 | Jun 27, 2007 | Jul 05, 2007 | $0.0346 | 0.322% |
3 | Jun 21, 2006 | Jun 28, 2006 | Jul 14, 2006 | $0.0319 | 0.519% |
4 | Jun 24, 2005 | Jun 28, 2005 | Jul 08, 2005 | $0.0188 | 0.536% |
FAQ
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