Trellidor Holdings Limited Stock Forecast
Trellidor Holdings Limited stock price ended at $204.00 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of Trellidor Holdings Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $204.00 to a day high of $204.00. The price has risen in 4 of the last 10 days and is up by 37.84% over the past 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $208.71 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 32.68% during the next 3 months and, with a 90% probability hold a price between $207.73 and $276.91 at the end of this 3-month period.
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TRL.JO Signals & Forecast
The Trellidor Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $201.57 and $166.29. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 20, 2024, and so far it has fallen -0.488%. Further fall is indicated until a new bottom pivot has been found. 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 from a double bottom formation was found on Tuesday, May 07, 2024 with a target of $145.00. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Trellidor Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $160.00 and $159.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Trellidor Holdings Limited finds support just below today's level at $160.00. If this is broken, then the next support from accumulated volume will be at $159.00 and $155.00.
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 5.03%
Our recommended stop-loss: $196.62 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (TRL.JO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Trellidor Holdings Limited to open at $204.00, and during the day (based on 14 day Average True Range), to move between $193.28 and $214.72, which gives a possible trading interval of +/-$10.72 (+/-5.26%) up or down from last closing price. If Trellidor Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $205.00 (0.49%) than the support at $160.00 (21.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Trellidor Holdings Limited stock A Buy?
Trellidor Holdings Limited 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: 0.000 Hold/Accumulate Unchanged
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 Trellidor Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $204.00 ( 0%) | $204.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRL.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 204.00 | - |
| R2 | 204.00 | - |
| R1 | 204.00 | - |
| Price | 204.00 | |
| S1 | 204.00 | - |
| S2 | 204.00 | - |
| S3 | 204.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 205.00 | 0.490% |
| Price | 204.00 | |
| S1 | 160.00 | -21.57% |
| S2 | 159.00 | -22.06% |
| S3 | 155.00 | -24.02% |
TRL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | $11.00 | 3.48% |
| 2 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | $10.00 | 2.86% |
| 3 | Oct 14, 2020 | Oct 14, 2020 | Oct 14, 2020 | $8.00 | 4.71% |
| 4 | Apr 01, 2020 | Apr 01, 2020 | Apr 01, 2020 | $8.00 | 3.09% |
| 5 | Sep 25, 2019 | Sep 25, 2019 | Sep 25, 2019 | $11.10 | 2.82% |
FAQ
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