Trend Micro Incorporated Stock Forecast
Trend Micro Incorporated stock upgraded to Hold/Accumulate.
(Updated on Jun 17, 2024)
No changes to the price of Trend Micro Incorporated stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $45.13 to a day high of $45.13. The price has been going up and down for this period, and there has been a -1.38% loss for the last 2 weeks.
The stock lies in the middle of a wide and 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 -13.35% during the next 3 months and, with a 90% probability hold a price between $37.55 and $42.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TMICY Signals & Forecast
There are mixed signals in the stock today. The Trend Micro 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 $45.47 and $47.52. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Trend Micro Incorporated stock
Trend Micro Incorporated finds support from accumulated volume at $45.11 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0708%
Our recommended stop-loss: $42.39 (-6.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TMICY) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Trend Micro Incorporated to open at $45.13, and during the day (based on 14 day Average True Range), to move between $44.42 and $45.84, which gives a possible trading interval of +/-$0.713 (+/-1.58%) up or down from last closing price. If Trend Micro Incorporated takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.11 (0.04%) than the resistance at $49.60 (9.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trend Micro Incorporated stock A Buy?
Trend Micro Incorporated 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Trend Micro Incorporated of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$45.13 ( 0%) | $45.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMICY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 45.13 | - |
R2 | 45.13 | - |
R1 | 45.13 | - |
Price | 45.13 | |
S1 | 45.13 | - |
S2 | 45.13 | - |
S3 | 45.13 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.98 | 12.95% |
R2 | 49.83 | 10.41% |
R1 | 49.60 | 9.90% |
Price | 45.13 | |
S1 | 45.11 | -0.0443% |
S2 | 44.97 | -0.355% |
S3 | 0 | - |
TMICY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $5.21 | 9.68% |
2 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | $4.87 | 9.38% |
3 | Dec 29, 2022 | Dec 29, 2022 | Apr 10, 2023 | $0.0071 | 0.0145% |
4 | Dec 28, 2022 | Dec 28, 2022 | Jun 25, 2023 | $0.0100 | 0.0211% |
5 | Dec 28, 2004 | Dec 28, 2004 | Dec 28, 2004 | $0.213 | 0.393% |
FAQ
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