Titan International Stock Forecast
Titan International stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
No changes to the price of Titan International stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 1.05% from a day low at $12.44 to a day high of $12.57. The price has fallen in 5 of the last 10 days but is still up by 1.63% over the past 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.80% during the next 3 months and, with a 90% probability hold a price between $10.11 and $11.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TWI Signals & Forecast
There are mixed signals in the stock today. The Titan International 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 $12.47 and $13.16. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.80%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Titan International stock
Titan International finds support from accumulated volume at $12.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.130 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TWI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Titan International Inc to open at $12.49, and during the day (based on 14 day Average True Range), to move between $12.11 and $12.81, which gives a possible trading interval of +/-$0.351 (+/-2.81%) up or down from last closing price. If Titan International Inc takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.43 (0.24%) than the resistance at $12.61 (1.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Titan International Inc stock A Buy?
Titan International holds several negative signals and we believe that 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: -1.415 Sell Candidate Downgraded
Predicted Opening Price for Titan International Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$12.49 ( 0.241%) | $12.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.62 | 1.28 % | |
R2 | 12.57 | 0.89 % | ||
R1 | 12.54 | 0.639 % | ||
Current price: | 12.46 | |||
Support | S1 | 12.44 | -0.158 % | |
S2 | 12.41 | -0.404 % | ||
S3 | 12.36 | -0.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.10 | 13.16 % | |
R2 | 12.76 | 2.41 % | ||
R1 | 12.61 | 1.20 % | ||
Current price | 12.46 | |||
Support | S1 | 12.43 | -0.241% | |
S2 | 12.42 | -0.321% | ||
S3 | 12.26 | -1.61% |
TWI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2020 | Mar 30, 2020 | Apr 15, 2020 | $0.0050 | 0.391% |
2 | Dec 13, 2019 | Dec 30, 2019 | Jan 15, 2020 | $0.0050 | 0.137% |
3 | Sep 09, 2019 | Sep 27, 2019 | Oct 15, 2019 | $0.0050 | 0.187% |
4 | Jun 12, 2019 | Jun 27, 2019 | Jul 15, 2019 | $0.0050 | 0.118% |
5 | Mar 13, 2019 | Mar 28, 2019 | Apr 15, 2019 | $0.0050 | 0.0761% |
FAQ
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