Trustmark Corporation Stock Forecast
Red day on Wednesday for Trustmark Corporation stock after losing 1.50%
(Updated on Jul 03, 2024)
The Trustmark Corporation stock price fell by -1.50% on the last day (Wednesday, 3rd Jul 2024) from $29.91 to $29.46. During the last trading day the stock fluctuated 1.73% from a day low at $29.46 to a day high of $29.97. The price has been going up and down for this period, and there has been a 1.34% gain for the last 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 -123 thousand shares and in total, 99 thousand shares were bought and sold for approximately $2.92 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.04% during the next 3 months and, with a 90% probability hold a price between $28.66 and $34.01 at the end of this 3-month period.
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TRMK Signals & Forecast
The Trustmark Corporation 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 $29.43 and $29.18. 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 Friday, May 03, 2024, and so far it has fallen -4.54%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Trustmark Corporation stock
Trustmark Corporation finds support from accumulated volume at $29.36 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 $0.510 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $27.75 (-5.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (TRMK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Trustmark Corporation to open at $29.63, and during the day (based on 14 day Average True Range), to move between $28.86 and $30.06, which gives a possible trading interval of +/-$0.596 (+/-2.02%) up or down from last closing price. If Trustmark Corporation takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.36 (0.34%) than the resistance at $29.82 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trustmark Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Trustmark Corporation stock to perform well in the short-term.
Current score: 2.509 Buy Candidate Unchanged
Predicted Opening Price for Trustmark Corporation of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $29.63 ( 0.577%) | $29.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRMK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.14 | 2.31% |
| R2 | 29.95 | 1.65% |
| R1 | 29.82 | 1.24% |
| Price | 29.46 | |
| S1 | 29.44 | -0.0842% |
| S2 | 29.31 | -0.493% |
| S3 | 29.12 | -1.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.68 | 4.14% |
| R2 | 30.04 | 1.97% |
| R1 | 29.82 | 1.22% |
| Price | 29.46 | |
| S1 | 29.36 | -0.339% |
| S2 | 28.55 | -3.09% |
| S3 | 26.50 | -10.05% |
TRMK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 31, 2024 | Jun 15, 2024 | $0.230 | 0.82% |
| 2 | Jan 23, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.230 | 0.89% |
| 3 | Oct 24, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.230 | 0.83% |
| 4 | Jul 25, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.230 | 1.04% |
| 5 | Apr 25, 2023 | May 31, 2023 | Jun 15, 2023 | $0.230 | 1.03% |
FAQ
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