Trustco Group Holdings Limited Stock Forecast
Trustco Group Holdings Limited stock price down 2.50% on Tuesday
(Updated on Jun 25, 2024)
The Trustco Group Holdings Limited stock price fell by -2.50% on the last day (Tuesday, 25th Jun 2024) from $40.00 to $39.00. During the last trading day the stock fluctuated 2.56% from a day low at $39.00 to a day high of $40.00. The price has fallen in 6 of the last 10 days and is down by -18.75% for this period. 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, 238 thousand shares were bought and sold for approximately $9.26 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 57.76% during the next 3 months and, with a 90% probability hold a price between $43.13 and $96.15 at the end of this 3-month period.
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TTO.JO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -29.09%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Trustco Group Holdings Limited 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 $38.00 and $34.97. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Trustco Group Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $37.00 and $36.00. 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, Trustco Group Holdings Limited finds support just below today's level at $37.00. If this is broken, then the next support from accumulated volume will be at $36.00 and $30.00.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.00 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 5.39%.
Our recommended stop-loss: $37.12 (-4.83%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (TTO.JO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Trustco Group Holdings Limited to open at $39.33, and during the day (based on 14 day Average True Range), to move between $33.54 and $44.46, which gives a possible trading interval of +/-$5.46 (+/-14.00%) up or down from last closing price. If Trustco Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 28.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.00 (2.56%) than the support at $37.00 (5.13%), 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 Trustco Group Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Trustco Group Holdings Limited stock to perform well in the short-term.
Current score: 1.554 Buy Candidate Unchanged
Predicted Opening Price for Trustco Group Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $39.33 ( 0.85%) | $39.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTO.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.33 | 3.42% |
| R2 | 39.95 | 2.44% |
| R1 | 39.72 | 1.83% |
| Price | 39.00 | |
| S1 | 38.95 | -0.125% |
| S2 | 38.72 | -0.730% |
| S3 | 38.33 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.00 | 15.38% |
| R2 | 44.00 | 12.82% |
| R1 | 40.00 | 2.56% |
| Price | 39.00 | |
| S1 | 37.00 | -5.13% |
| S2 | 36.00 | -7.69% |
| S3 | 30.00 | -23.08% |
TTO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 27, 2016 | Jul 27, 2016 | Jul 27, 2016 | $5.00 | 1.33% |
| 2 | Nov 23, 2015 | Nov 23, 2015 | Nov 23, 2015 | $3.40 | 0.798% |
| 3 | Jul 27, 2015 | Jul 27, 2015 | Jul 27, 2015 | $4.00 | 0.97% |
| 4 | Jul 28, 2014 | Jul 28, 2014 | Jul 28, 2014 | $2.75 | 1.38% |
| 5 | Nov 25, 2013 | Nov 25, 2013 | Nov 25, 2013 | $2.00 | 2.04% |
FAQ
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