Trio-Tech International Stock Forecast
Green day on Thursday for Trio-Tech International stock after gaining 0.476%
(Updated on Apr 18, 2024)
The Trio-Tech International stock price gained 0.476% on the last trading day (Thursday, 18th Apr 2024), rising from $6.30 to $6.33. During the last trading day the stock fluctuated 1.20% from a day low at $6.31 to a day high of $6.39. The price has fallen in 6 of the last 10 days and is down by -3.06% for this period. Volume fell on the last day by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately $43.42 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.33 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.23% during the next 3 months and, with a 90% probability hold a price between $8.49 and $9.27 at the end of this 3-month period.
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TRT Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Trio-Tech International stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $6.43. On a fall, the stock will find some support from the long-term average at approximately $6.23. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Trio-Tech International stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.81 and $5.75. 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, Trio-Tech International finds support just below today's level at $5.81. If this is broken, then the next support from accumulated volume will be at $5.75 and $4.95.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.0758 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: $6.01 (-4.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (TRT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Trio-Tech International to open at $6.34, and during the day (based on 14 day Average True Range), to move between $6.12 and $6.54, which gives a possible trading interval of +/-$0.213 (+/-3.37%) up or down from last closing price. If Trio-Tech International takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.36 (0.47%) than the support at $5.81 (8.21%), 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 Trio-Tech International stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.777 Buy Candidate Unchanged
Predicted Opening Price for Trio-Tech International of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $6.34 ( 0.232%) | $6.33 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 6.42 | 1.43 % | |
| R2 | 6.39 | 0.97 % | ||
| R1 | 6.37 | 0.689 % | ||
| Current price: | 6.33 | |||
| Support | S1 | 6.32 | -0.226 % | |
| S2 | 6.30 | -0.508 % | ||
| S3 | 6.27 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.69 | 5.69 % | |
| R2 | 6.59 | 4.11 % | ||
| R1 | 6.36 | 0.474 % | ||
| Current price | 6.33 | |||
| Support | S1 | 5.81 | -8.21% | |
| S2 | 5.75 | -9.16% | ||
| S3 | 4.95 | -21.79% |
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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