Teledyne Technologies Incorporated Stock Forecast
Red day on Thursday for Teledyne Technologies Incorporated
(Updated on Apr 18, 2024)
The Teledyne Technologies Incorporated stock price fell by -0.0325% on the last day (Thursday, 18th Apr 2024) from $400.27 to $400.14. During the last trading day the stock fluctuated 1.14% from a day low at $397.33 to a day high of $401.87. The price has been going up and down for this period, and there has been a -4.01% loss 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 -3 thousand shares and in total, 177 thousand shares were bought and sold for approximately $71.00 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $396.93 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.35% during the next 3 months and, with a 90% probability hold a price between $375.68 and $401.21 at the end of this 3-month period.
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TDY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.417%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Teledyne Technologies 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 $400.86 and $418.15. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Teledyne Technologies Incorporated stock
Teledyne Technologies Incorporated finds support from accumulated volume at $399.99 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 $4.54 (1.14%) between high and low. For the last week, the stock has had daily average volatility of 1.45%.
Teledyne Technologies Incorporated is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TDY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Teledyne Technologies Incorporated to open at $399.78, and during the day (based on 14 day Average True Range), to move between $393.60 and $406.68, which gives a possible trading interval of +/-$6.54 (+/-1.63%) up or down from last closing price. If Teledyne Technologies Incorporated takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $399.99 (0.04%) than the resistance at $416.06 (3.98%), 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
Teledyne Technologies Incorporated will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.64. We will update the financials statements for Teledyne Technologies Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.97% in the first trading day after earnings release.
Is Teledyne Technologies Incorporated stock A Buy?
Teledyne Technologies Incorporated holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.103 Sell Candidate Unchanged
Predicted Opening Price for Teledyne Technologies Incorporated of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $399.78 ( 0.0900%) | $400.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 404.32 | 1.04 % | |
| R2 | 402.59 | 0.611 % | ||
| R1 | 401.51 | 0.343 % | ||
| Current price: | 400.14 | |||
| Support | S1 | 398.05 | -0.523 % | |
| S2 | 396.97 | -0.791 % | ||
| S3 | 395.24 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 428.45 | 7.08 % | |
| R2 | 417.92 | 4.44 % | ||
| R1 | 416.06 | 3.98 % | ||
| Current price | 400.14 | |||
| Support | S1 | 399.99 | -0.0375% | |
| S2 | 398.48 | -0.415% | ||
| S3 | 0 | . |
FAQ
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