TriMas Corporation Stock Forecast
TriMas Corporation stock downgraded from Hold/Accumulate to Strong Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The TriMas Corporation stock price fell by -0.770% on the last day (Wednesday, 1st May 2024) from $25.99 to $25.79. During the last trading day the stock fluctuated 3.46% from a day low at $25.73 to a day high of $26.62. The price has risen in 6 of the last 10 days and is up by 3% over the past 2 weeks. Volume has increased on the last day by 58 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 387 thousand shares were bought and sold for approximately $9.97 million.
The stock lies in the middle of a 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 6.83% during the next 3 months and, with a 90% probability hold a price between $26.27 and $28.64 at the end of this 3-month period.
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TRS Signals & Forecast
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. The TriMas Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $26.21 and $25.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -3.59%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-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
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-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.
Support, Risk & Stop-loss for TriMas Corporation stock
TriMas Corporation finds support from accumulated volume at $25.37 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.89 between high and low, or 3.46%. For the last week the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect TriMas Corporation to open at $26.05, and during the day (based on 14 day Average True Range), to move between $25.17 and $26.41, which gives a possible trading interval of +/-$0.620 (+/-2.41%) up or down from last closing price. If TriMas Corporation takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.84 (0.19%) than the support at $25.37 (1.63%), 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 TriMas Corporation stock A Buy?
The TriMas Corporation stock holds several negative signals and despite the positive trend, we believe TriMas Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -6.567 Strong Sell Candidate Downgraded
Predicted Opening Price for TriMas Corporation of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$26.05 ( 1.00%) | $25.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.94 | 4.45 % | |
R2 | 26.60 | 3.13 % | ||
R1 | 26.39 | 2.31 % | ||
Current price: | 25.79 | |||
Support | S1 | 25.71 | -0.323 % | |
S2 | 25.50 | -1.14 % | ||
S3 | 25.16 | -2.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.48 | 2.68 % | |
R2 | 25.99 | 0.775 % | ||
R1 | 25.84 | 0.194 % | ||
Current price | 25.79 | |||
Support | S1 | 25.37 | -1.63% | |
S2 | 23.50 | -8.88% | ||
S3 | 23.48 | -8.96% |
TRS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 23, 2024 | May 06, 2024 | May 14, 2024 | $0.0400 | 0.155% |
2 | Feb 29, 2024 | Feb 29, 2024 | Feb 29, 2024 | $0 | 0% |
3 | Oct 19, 2023 | Nov 01, 2023 | Nov 09, 2023 | $0.0400 | 0.172% |
4 | Jul 19, 2023 | Aug 02, 2023 | Aug 10, 2023 | $0.0400 | 0.155% |
5 | Apr 19, 2023 | May 03, 2023 | May 11, 2023 | $0.0400 | 0.156% |
FAQ
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