TE Connectivity Ltd Stock Forecast
Green day on Friday for TE Connectivity Ltd stock after gaining 1.42%
(Updated on May 03, 2024)
The TE Connectivity Ltd stock price gained 1.42% on the last trading day (Friday, 3rd May 2024), rising from $140.01 to $142.00. During the last trading day the stock fluctuated 1.91% from a day low at $140.26 to a day high of $142.94. The price has been going up and down for this period, and there has been a 1.03% gain for the last 2 weeks. Volume fell on the last day by -487 thousand shares and in total, 1 million shares were bought and sold for approximately $166.83 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TE Connectivity Ltd stock with a 90% probability to be traded between $139.49 and $147.93 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TEL Signals & Forecast
There are mixed signals in the stock today. The TE Connectivity Ltd 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 $142.61. On a fall, the stock will find some support from the short-term average at $140.92. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.83%. 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.
Support, Risk & Stop-loss for TE Connectivity Ltd stock
TE Connectivity Ltd finds support from accumulated volume at $141.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.68 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $135.12 (-4.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (TEL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect TE Connectivity Ltd to open at $141.73, and during the day (based on 14 day Average True Range), to move between $139.24 and $144.76, which gives a possible trading interval of +/-$2.76 (+/-1.94%) up or down from last closing price. If TE Connectivity Ltd takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $141.48 (0.37%) than the resistance at $143.23 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TE Connectivity Ltd stock A Buy?
TE Connectivity Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.967 Hold/Accumulate Unchanged
Predicted Opening Price for TE Connectivity Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $141.73 ( 0.188%) | $142.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.41 | 1.70 % | |
| R2 | 143.39 | 0.98 % | ||
| R1 | 142.76 | 0.533 % | ||
| Current price: | 142.00 | |||
| Support | S1 | 140.71 | -0.91 % | |
| S2 | 140.08 | -1.35 % | ||
| S3 | 139.05 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.99 | 1.40 % | |
| R2 | 143.63 | 1.15 % | ||
| R1 | 143.23 | 0.87 % | ||
| Current price | 142.00 | |||
| Support | S1 | 141.48 | -0.366% | |
| S2 | 140.48 | -1.07% | ||
| S3 | 140.00 | -1.41% |
TEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | May 23, 2024 | Jun 07, 2024 | $0.650 | 0.458% |
| 2 | Mar 21, 2023 | Feb 15, 2024 | Mar 01, 2024 | $0.590 | 0.410% |
| 3 | Mar 15, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.590 | 0.447% |
| 4 | Mar 15, 2023 | Aug 17, 2023 | Mar 01, 2024 | $0.590 | 0.410% |
| 5 | Mar 15, 2023 | May 18, 2023 | Mar 01, 2024 | $0.590 | 0.410% |
FAQ
Click here for our free guide on how to buy TE Connectivity Ltd Stock.
