Trip.com Group Ltd Stock Forecast
Green day on Wednesday for Trip.com Group Ltd
(Updated on Apr 24, 2024)
The Trip.com Group Ltd stock price gained 0.238% on the last trading day (Wednesday, 24th Apr 2024), rising from $50.48 to $50.60. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.90% from a day low at $50.30 to a day high of $51.26. The price has risen in 6 of the last 10 days and is up by 3.79% over the past 2 weeks. Volume fell on the last day by -308 thousand shares and in total, 3 million shares were bought and sold for approximately $141.74 million. 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.48 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.49% during the next 3 months and, with a 90% probability hold a price between $64.07 and $72.48 at the end of this 3-month period.
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TCOM Signals & Forecast
The Trip.com Group 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 $49.15 and $46.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 19.68%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Trip.com Group Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $47.34 and $45.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Trip.com Group Ltd finds support just below today's level at $47.34. If this is broken, then the next support from accumulated volume will be at $45.90 and $44.67.
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 $0.96 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $48.98 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (TCOM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Trip.com Group Ltd to open at $50.72, and during the day (based on 14 day Average True Range), to move between $49.34 and $51.86, which gives a possible trading interval of +/-$1.26 (+/-2.49%) 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 4.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $47.34, some $3.26 (6.44%) from the current price of $50.60, our system finds the risk reward attractive.
Is Trip.com Group Ltd stock A Buy?
Trip.com Group Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.188 Strong Buy Candidate Unchanged
Predicted Opening Price for Trip.com Group Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $50.72 ( 0.234%) | $50.60 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 51.67 | 2.12 % | |
| R2 | 51.31 | 1.40 % | ||
| R1 | 51.08 | 0.95 % | ||
| Current price: | 50.60 | |||
| Support | S1 | 50.35 | -0.487 % | |
| S2 | 50.13 | -0.93 % | ||
| S3 | 49.76 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 50.60 | |||
| Support | S1 | 47.34 | -6.44% | |
| S2 | 45.90 | -9.29% | ||
| S3 | 44.67 | -11.72% |
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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