Trio-Tech International Stock Forecast
Red day on Tuesday for Trio-Tech International
(Updated on Jul 02, 2024)
The Trio-Tech International stock price fell by -0.0017% on the last day (Tuesday, 2nd Jul 2024) from $6.05 to $6.05. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.63% from a day low at $6.05 to a day high of $6.33. The price has fallen in 7 of the last 10 days and is down by -3.2% for this period. 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 -293 shares and in total, 680 shares were bought and sold for approximately $4.11 thousand.
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 -4.64% during the next 3 months and, with a 90% probability hold a price between $5.56 and $6.34 at the end of this 3-month period.
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TRT Signals & Forecast
There are mixed signals in the stock today. The Trio-Tech International 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 $6.14 and $6.34. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 Monday, June 24, 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 Trio-Tech International stock
Trio-Tech International finds support from accumulated volume at $6.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.280 between high and low, or 4.63%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: $5.67 (-6.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (TRT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Trio-Tech International to open at $6.14, and during the day (based on 14 day Average True Range), to move between $5.84 and $6.26, which gives a possible trading interval of +/-$0.208 (+/-3.45%) up or down from last closing price. If Trio-Tech International takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.00 (0.83%) than the resistance at $6.12 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trio-Tech International stock A Buy?
Trio-Tech International 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: -0.737 Hold/Accumulate Unchanged
Predicted Opening Price for Trio-Tech International of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $6.14 ( 1.54%) | $6.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.42 | 6.17% |
| R2 | 6.32 | 4.40% |
| R1 | 6.25 | 3.31% |
| Price | 6.05 | |
| S1 | 6.04 | -0.225% |
| S2 | 5.97 | -1.32% |
| S3 | 5.86 | -3.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.35 | 4.96% |
| R2 | 6.30 | 4.13% |
| R1 | 6.12 | 1.16% |
| Price | 6.05 | |
| S1 | 6.00 | -0.83% |
| S2 | 0 | - |
| S3 | 0 | - |
TRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2008 | Feb 21, 2008 | Mar 25, 2008 | $0.110 | 1.87% |
| 2 | Dec 05, 2006 | Dec 13, 2006 | Jan 15, 2007 | $0.100 | 0.88% |
| 3 | Dec 02, 2005 | Jan 06, 2006 | Jan 25, 2006 | $0.500 | 8.47% |
FAQ
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