Twin Disc Stock Forecast
Twin Disc stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Twin Disc stock price gained 1.45% on the last trading day (Thursday, 25th Apr 2024), rising from $16.50 to $16.74. During the last trading day the stock fluctuated 2.39% from a day low at $16.35 to a day high of $16.74. The price has fallen in 5 of the last 10 days and is down by -1.82% for this period. Volume fell on the last day by -15 thousand shares and in total, 28 thousand shares were bought and sold for approximately $468.62 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 11.10% during the next 3 months and, with a 90% probability hold a price between $17.70 and $20.22 at the end of this 3-month period.
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TWIN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.22%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Twin Disc 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 $16.67 and $16.56. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Twin Disc stock
Twin Disc finds support from accumulated volume at $16.61 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.390 between high and low, or 2.39%. For the last week the stock has had daily average volatility of 3.30%.
Our recommended stop-loss: $15.95 (-4.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (TWIN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Twin Disc to open at $16.61, and during the day (based on 14 day Average True Range), to move between $16.09 and $17.39, which gives a possible trading interval of +/-$0.648 (+/-3.87%) up or down from last closing price. If Twin Disc takes out the full calculated possible swing range there will be an estimated 7.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.76 (0.12%) than the support at $16.61 (0.78%), 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.
Earnings coming up
Twin Disc will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for Twin Disc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.39% in the first trading day after earnings release.
Is Twin Disc 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 Twin Disc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.697 Buy Candidate Upgraded
Predicted Opening Price for Twin Disc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $16.61 ( 0.777%) | $16.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.00 | 1.55 % | |
| R2 | 16.85 | 0.663 % | ||
| R1 | 16.76 | 0.113 % | ||
| Current price: | 16.74 | |||
| Support | S1 | 16.46 | -1.67 % | |
| S2 | 16.37 | -2.22 % | ||
| S3 | 16.22 | -3.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.05 | 1.85 % | |
| R2 | 16.80 | 0.358 % | ||
| R1 | 16.76 | 0.119 % | ||
| Current price | 16.74 | |||
| Support | S1 | 16.61 | -0.777% | |
| S2 | 16.50 | -1.43% | ||
| S3 | 16.10 | -3.82% |
TWIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.0400 | 0.252% |
| 2 | Nov 02, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.0400 | 0.291% |
| 3 | Oct 27, 2015 | Nov 10, 2015 | Dec 01, 2015 | $0.0900 | 0.80% |
| 4 | Aug 04, 2015 | Aug 12, 2015 | Sep 01, 2015 | $0.0900 | 0.666% |
| 5 | Apr 28, 2015 | May 06, 2015 | Jun 01, 2015 | $0.0900 | 0.493% |
FAQ
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