Trinity Biotech plc Stock Forecast

Red day on Thursday for Trinity Biotech plc
(Updated on Apr 25, 2024)

TRIB Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trinity Biotech plc 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 $1.83 and $2.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -23.75%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Trinity Biotech plc stock

Trinity Biotech plc finds support from accumulated volume at $1.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.110 between high and low, or 6.01%. For the last week, the stock has had daily average volatility of 3.61%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TRIB) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Trinity Biotech plc to open at $1.87, and during the day (based on 14 day Average True Range), to move between $1.73 and $1.93, which gives a possible trading interval of +/-$0.0987 (+/-5.39%) up or down from last closing price. If Trinity Biotech plc takes out the full calculated possible swing range there will be an estimated 10.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.81 (1.09%) than the resistance at $1.90 (3.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Trinity Biotech plc stock A Buy?

The Trinity Biotech plc stock holds several negative signals and despite the positive trend, we believe Trinity Biotech plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.796 Sell Candidate Unchanged

Predicted Opening Price for Trinity Biotech plc of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.