TransDigm Group Incorporated Stock Forecast
Stronger technical forecast for TransDigm Group Incorporated stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The TransDigm Group Incorporated stock price gained 2.03% on the last trading day (Tuesday, 2nd Jul 2024), rising from $1,252.72 to $1,278.10. During the last trading day the stock fluctuated 2.91% from a day low at $1,243.82 to a day high of $1,280.04. The price has fallen in 7 of the last 10 days and is down by -3.09% for this period. Volume fell on the last day by -85 thousand shares and in total, 214 thousand shares were bought and sold for approximately $273.40 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 weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1,254.55 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 8.83% during the next 3 months and, with a 90% probability hold a price between $1,365.30 and $1,518.33 at the end of this 3-month period.
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TDG Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.03%. 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. The TransDigm Group Incorporated 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 $1,292.33 and $1,313.11. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TransDigm Group Incorporated stock
TransDigm Group Incorporated finds support from accumulated volume at $1,277.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $36.22 (2.91%) between high and low. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: $1,208.07 (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (TDG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect TransDigm Group Incorporated to open at $1,267.32, and during the day (based on 14 day Average True Range), to move between $1,246.89 and $1,309.31, which gives a possible trading interval of +/-$31.21 (+/-2.44%) up or down from last closing price. If TransDigm Group Incorporated takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1,277.61 (0.04%) than the resistance at $1,288.65 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TransDigm Group Incorporated stock A Buy?
TransDigm Group Incorporated holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.899 Hold/Accumulate Upgraded
Predicted Opening Price for TransDigm Group Incorporated of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1,267.32 ( 0.84%) | $1,278.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,303.54 | 1.99% |
| R2 | 1,289.70 | 0.91% |
| R1 | 1,281.16 | 0.239% |
| Price | 1,278.10 | |
| S1 | 1,253.48 | -1.93% |
| S2 | 1,244.94 | -2.59% |
| S3 | 1,231.10 | -3.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,310.40 | 2.53% |
| R2 | 1,301.63 | 1.84% |
| R1 | 1,288.65 | 0.83% |
| Price | 1,278.10 | |
| S1 | 1,277.61 | -0.0383% |
| S2 | 1,275.77 | -0.182% |
| S3 | 1,252.72 | -1.99% |
TDG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2023 | Nov 17, 2023 | Nov 27, 2023 | $35.00 | 3.58% |
| 2 | Aug 09, 2022 | Aug 18, 2022 | Aug 26, 2022 | $18.50 | 2.93% |
| 3 | Dec 20, 2019 | Dec 27, 2019 | Jan 07, 2020 | $32.50 | 5.54% |
| 4 | Aug 06, 2019 | Aug 15, 2019 | Aug 23, 2019 | $30.00 | 5.75% |
| 5 | Aug 23, 2017 | Aug 31, 2017 | Sep 12, 2017 | $22.00 | 8.66% |
FAQ
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