Techtronic Industries Company. Ltd Stock Forecast

Evaluation of Techtronic Industries Company. Ltd stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

TTNDY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $60.16 and $64.52. A break-up above any of these levels will issue buy signals. Techtronic Industries Company. Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.400 (0.680%) between high and low. For the last week, the stock has had daily average volatility of 0.539%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TTNDY) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Techtronic Industries Company. Ltd to open at $58.99, and during the day (based on 14 day Average True Range), to move between $57.55 and $60.17, which gives a possible trading interval of +/-$1.31 (+/-2.23%) 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 4.45% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $63.34, some $4.48 (7.61%) from the current price of $58.86, our system finds the risk reward not very attractive.

Is Techtronic Industries Company. Ltd stock A Buy?

Techtronic Industries Company. Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.078 Sell Candidate Downgraded

Predicted Opening Price for Techtronic Industries Company. Ltd of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.