TCTM Kids IT Education Inc. Stock Forecast
Red day on Friday for TCTM Kids IT Education Inc.
(Updated on Jun 28, 2024)
The TCTM Kids IT Education Inc. stock price fell by -4.35% on the last day (Friday, 28th Jun 2024) from $1.27 to $1.21. During the last trading day the stock fluctuated 5.79% from a day low at $1.21 to a day high of $1.28. The price has been going up and down for this period, and there has been a 4.31% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 2 thousand shares were bought and sold for approximately $2.80 thousand.
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 -31.91% during the next 3 months and, with a 90% probability hold a price between $0.550 and $0.96 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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TCTM Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 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 TCTM Kids IT Education Inc. 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 $1.39. On a fall, the stock will find some support from the short-term average at $1.20. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TCTM Kids IT Education Inc. stock
TCTM Kids IT Education Inc. finds support from accumulated volume at $1.18 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0700 between high and low, or 5.79%. For the last week the stock has had daily average volatility of 5.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TCTM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TCTM Kids IT Education Inc. to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.31, which gives a possible trading interval of +/-$0.0954 (+/-7.88%) up or down from last closing price. If TCTM Kids IT Education Inc. takes out the full calculated possible swing range there will be an estimated 15.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.18 (2.48%) than the resistance at $1.26 (4.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TCTM Kids IT Education Inc. will release earnings BMO on Wednesday, July 03, 2024. We will update the financials statements for TCTM Kids IT Education Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0% in the first trading day after earnings release.
Is TCTM Kids IT Education Inc. stock A Buy?
TCTM Kids IT Education Inc. 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: -2.351 Sell Candidate Unchanged
Predicted Opening Price for TCTM Kids IT Education Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.23 ( 1.93%) | $1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCTM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.30 | 7.71% |
| R2 | 1.28 | 5.50% |
| R1 | 1.26 | 4.14% |
| Price | 1.21 | |
| S1 | 1.21 | -0.282% |
| S2 | 1.19 | -1.65% |
| S3 | 1.16 | -3.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.44 | 19.01% |
| R2 | 1.27 | 4.96% |
| R1 | 1.26 | 4.13% |
| Price | 1.21 | |
| S1 | 1.18 | -2.48% |
| S2 | 1.14 | -5.79% |
| S3 | 1.10 | -9.09% |
TCTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2018 | Apr 04, 2018 | Jun 15, 2018 | $0.600 | 0% |
| 2 | Jun 07, 2017 | Jun 07, 2017 | Jun 07, 2017 | $0.80 | 0% |
| 3 | Apr 04, 2016 | Apr 04, 2016 | Apr 04, 2016 | $0.750 | 0% |
FAQ
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