TDK Corp. Stock Forecast
On Friday, TDK Corp. stock price gained an impressive 5.53%
(Updated on Jun 28, 2024)
The TDK Corp. stock price gained 5.53% on the last trading day (Friday, 28th Jun 2024), rising from $58.80 to $62.05. During the last trading day the stock fluctuated 0.517% from a day low at $61.90 to a day high of $62.22. The price has been going up and down for this period, and there has been a 14.45% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $69.81 thousand.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $63.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.56% during the next 3 months and, with a 90% probability hold a price between $66.75 and $80.22 at the end of this 3-month period.
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TTDKF Signals & Forecast
Mostly positive signals in the chart today. The TDK Corp. 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 $60.61 and $52.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 39.22%. 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). TDK Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TDK Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $49.52 and $49.18. 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, TDK Corp. finds support just below today's level at $49.52. If this is broken, then the next support from accumulated volume will be at $49.18 and $47.34.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.320 between high and low, or 0.517%. For the last week, the stock has had daily average volatility of 0.103%.
Our recommended stop-loss: $59.93 (-3.42%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (TTDKF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TDK Corp. to open at $62.06, and during the day (based on 14 day Average True Range), to move between $60.84 and $63.26, which gives a possible trading interval of +/-$1.21 (+/-1.95%) up or down from last closing price. If TDK Corp. takes out the full calculated possible swing range there will be an estimated 3.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $49.52, some $12.53 (20.19%) from the current price of $62.05, our system finds the risk reward attractive.
Is TDK Corp. stock A Buy?
TDK Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.312 Strong Buy Candidate Upgraded
Predicted Opening Price for TDK Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $62.06 ( 0.0107%) | $62.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTDKF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.38 | 0.526% |
| R2 | 62.25 | 0.329% |
| R1 | 62.18 | 0.208% |
| Price | 62.05 | |
| S1 | 61.93 | -0.186% |
| S2 | 61.86 | -0.308% |
| S3 | 61.74 | -0.505% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 62.05 | |
| S1 | 49.52 | -20.19% |
| S2 | 49.18 | -20.73% |
| S3 | 47.34 | -23.70% |
TTDKF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | $0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 24, 2024 | $0.383 | 0.632% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | $58.00 | 158.25% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Jun 30, 2017 | $53.00 | 240.04% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | $53.00 | 155.84% |
FAQ
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