TransUnion Stock Forecast

Buy or Hold candidate since Nov 22, 2024 Loss -0.69%

The TransUnion stock price fell by -2.27% on the last day (Thursday, 5th Dec 2024) from $100.72 to $98.43. During the last trading day the stock fluctuated 1.79% from a day low at $97.90 to a day high of $99.65. The price has risen in 7 of the last 10 days and is up by 1.78% over the past 2 weeks. Volume has increased on the last day by 227 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, 989 thousand shares were bought and sold for approximately $97.36 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TransUnion stock with a 90% probability to be traded between $93.72 and $106.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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TRU Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 15, 2024, and so far it has risen 2.92%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The TransUnion 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 $100.20 and $102.15. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for TransUnion stock

TransUnion finds support from accumulated volume at $96.95 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.75 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: $93.87 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (TRU) For The Upcoming Trading Day Of Friday 6th

For the upcoming trading day on Friday, 6th we expect TransUnion to open at $98.66, and during the day (based on 14 day Average True Range), to move between $95.83 and $101.03, which gives a possible trading interval of +/-$2.60 (+/-2.64%) up or down from last closing price. If TransUnion takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $96.95 (1.50%) than the resistance at $103.59 (5.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TransUnion stock A Buy?

TransUnion holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.370 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 6, 2024 - $98.66 ( 0.234%).