TJX Companies Inc. Stock Forecast
Red day on Friday for TJX Companies Inc. stock after losing 0.0622%
(Updated on Apr 26, 2024)
The TJX Companies Inc. stock price fell by -0.0622% on the last day (Friday, 26th Apr 2024) from $96.42 to $96.36. During the last trading day the stock fluctuated 1.65% from a day low at $96.29 to a day high of $97.88. The price has risen in 6 of the last 10 days and is up by 2.05% over the past 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 million shares and in total, 4 million shares were bought and sold for approximately $347.32 million.
The stock lies in the middle of a 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 -2.61% during the next 3 months and, with a 90% probability hold a price between $89.99 and $97.92 at the end of this 3-month period.
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TJX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.99%. 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 TJX Companies 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 $96.77. On a fall, the stock will find some support from the short-term average at $94.67. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -1.79% to $94.63 within 21 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for TJX Companies Inc. stock
TJX Companies Inc. finds support from accumulated volume at $95.76 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 $1.59 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TJX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect TJX Companies Inc. to open at $96.84, and during the day (based on 14 day Average True Range), to move between $94.79 and $97.93, which gives a possible trading interval of +/-$1.57 (+/-1.63%) up or down from last closing price. If TJX Companies Inc. takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $95.76 (0.62%) than the resistance at $97.10 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TJX Companies Inc. stock A Buy?
TJX Companies 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: -1.617 Sell Candidate Unchanged
Predicted Opening Price for TJX Companies Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $96.84 ( 0.502%) | $96.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TJX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.43 | 2.15 % | |
| R2 | 97.83 | 1.52 % | ||
| R1 | 97.45 | 1.13 % | ||
| Current price: | 96.36 | |||
| Support | S1 | 96.24 | -0.129 % | |
| S2 | 95.86 | -0.518 % | ||
| S3 | 95.25 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.51 | 2.23 % | |
| R2 | 97.94 | 1.64 % | ||
| R1 | 97.10 | 0.768 % | ||
| Current price | 96.36 | |||
| Support | S1 | 95.76 | -0.623% | |
| S2 | 95.28 | -1.12% | ||
| S3 | 94.50 | -1.93% |
TJX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | Jun 06, 2024 | $0.375 | 0.389% |
| 2 | Nov 28, 2023 | Feb 14, 2024 | Mar 07, 2024 | $0.333 | 0.347% |
| 3 | Sep 19, 2023 | Nov 08, 2023 | Nov 30, 2023 | $0.330 | 0.375% |
| 4 | Jun 06, 2023 | Aug 09, 2023 | Aug 31, 2023 | $0.333 | 0.360% |
| 5 | Mar 28, 2023 | May 10, 2023 | Jun 01, 2023 | $0.333 | 0.434% |
FAQ
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