Transphorm, Inc. Stock Forecast
Transphorm, Inc. stock upgraded to Buy Candidate.
(Updated on May 10, 2024)
The Transphorm, Inc. stock price fell by -0.204% on the last day (Friday, 10th May 2024) from $4.89 to $4.88. During the last trading day the stock fluctuated 0.616% from a day low at $4.87 to a day high of $4.90. The price has risen in 6 of the last 10 days and is up by 0.41% over the past 2 weeks. Volume has increased on the last day by 69 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 161 thousand shares were bought and sold for approximately $786.43 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Transphorm, Inc. stock with a 90% probability to be traded between $4.76 and $4.89 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.
TGAN Signals & Forecast
The Transphorm, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.88. On a fall, the stock will find some support from the long-term average at approximately $4.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.408%. Further fall is indicated until a new bottom pivot has been found. Transphorm, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 0.210% to $4.89 within 31 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for Transphorm, Inc. stock
Transphorm, Inc. finds support from accumulated volume at $4.86 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 $0.0300 between high and low, or 0.616%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: $4.74 (-2.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TGAN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Transphorm, Inc. to open at $4.88, and during the day (based on 14 day Average True Range), to move between $4.83 and $4.93, which gives a possible trading interval of +/-$0.0533 (+/-1.09%) up or down from last closing price. If Transphorm, Inc. takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.86 (0.41%) than the resistance at $4.90 (0.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Transphorm, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Transphorm, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.742 Buy Candidate Upgraded
Predicted Opening Price for Transphorm, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $4.88 ( 0.0683%) | $4.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGAN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.91 | 0.683 % | |
| R2 | 4.90 | 0.448 % | ||
| R1 | 4.89 | 0.303 % | ||
| Current price: | 4.88 | |||
| Support | S1 | 4.87 | -0.167 % | |
| S2 | 4.86 | -0.312 % | ||
| S3 | 4.85 | -0.546 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.92 | 0.82 % | |
| R2 | 4.91 | 0.615 % | ||
| R1 | 4.90 | 0.410 % | ||
| Current price | 4.88 | |||
| Support | S1 | 4.86 | -0.410% | |
| S2 | 4.82 | -1.23% | ||
| S3 | 4.80 | -1.64% |
FAQ
Click here for our free guide on how to buy Transphorm, Inc. Stock.
