Techtronic Industries Company. Ltd Stock Forecast
Techtronic Industries Company. Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 23, 2024)
The Techtronic Industries Company. Ltd stock price fell by -2.67% on the last day (Thursday, 23rd May 2024) from $64.61 to $62.89. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.60% from a day low at $62.81 to a day high of $64.44. The price has fallen in 7 of the last 10 days and is down by -12.62% 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 -33 thousand shares and in total, 22 thousand shares were bought and sold for approximately $1.41 million.
Given the current short-term trend, the stock is expected to rise 19.19% during the next 3 months and, with a 90% probability hold a price between $74.95 and $88.90 at the end of this 3-month period.
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TTNDY Signals & Forecast
There are few to no technical positive signals at the moment. The Techtronic Industries Company. Ltd 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 $67.33 and $68.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -13.90%. 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 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 stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-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 Techtronic Industries Company. Ltd stock
Techtronic Industries Company. Ltd finds support from accumulated volume at $60.55 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 $1.63 between high and low, or 2.60%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: $59.52 (-5.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (TTNDY) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Techtronic Industries Company. Ltd to open at $63.38, and during the day (based on 14 day Average True Range), to move between $61.13 and $64.64, which gives a possible trading interval of +/-$1.75 (+/-2.78%) up or down from last closing price. If Techtronic Industries Company. Ltd takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $60.55 (3.71%) than the resistance at $65.76 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Techtronic Industries Company. Ltd stock A Buy?
Techtronic Industries Company. Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.945 Hold/Accumulate Upgraded
Predicted Opening Price for Techtronic Industries Company. Ltd of Friday, May 24, 2024
Fair opening price May 24, 2024 | Current price |
---|---|
$63.38 ( 0.785%) | $62.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTNDY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 65.01 | 3.38 % | |
R2 | 64.39 | 2.39 % | ||
R1 | 64.00 | 1.77 % | ||
Current price: | 62.89 | |||
Support | S1 | 62.76 | -0.206 % | |
S2 | 62.37 | -0.82 % | ||
S3 | 61.75 | -1.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 66.62 | 5.94 % | |
R2 | 65.81 | 4.65 % | ||
R1 | 65.76 | 4.57 % | ||
Current price | 62.89 | |||
Support | S1 | 60.55 | -3.71% | |
S2 | 60.49 | -3.81% | ||
S3 | 59.67 | -5.11% |
TTNDY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | May 16, 2024 | Jul 15, 2024 | $0.607 | 0.96% |
2 | Aug 11, 2023 | Aug 28, 2023 | Sep 25, 2023 | $0.608 | 1.23% |
3 | May 13, 2023 | May 16, 2023 | Jul 17, 2023 | $0.573 | 1.03% |
4 | Aug 27, 2022 | Aug 31, 2022 | Sep 26, 2022 | $0.606 | 1.13% |
5 | May 14, 2022 | May 17, 2022 | Jun 27, 2022 | $0.637 | 1.17% |
FAQ
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