TransAct Technologies Incorporated Stock Forecast
TransAct Technologies Incorporated stock upgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The TransAct Technologies Incorporated stock price gained 2.64% on the last trading day (Wednesday, 24th Apr 2024), rising from $4.55 to $4.67. During the last trading day the stock fluctuated 5.99% from a day low at $4.51 to a day high of $4.78. The price has been going up and down for this period, and there has been a -4.69% loss for the last 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 33 thousand shares were bought and sold for approximately $156.03 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 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 -43.04% during the next 3 months and, with a 90% probability hold a price between $2.35 and $2.87 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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TACT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 2.64%. 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 TransAct Technologies Incorporated 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 $4.72 and $5.30. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for TransAct Technologies Incorporated stock
TransAct Technologies Incorporated finds support from accumulated volume at $4.66 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 $0.270 between high and low, or 5.99%. For the last week the stock has had daily average volatility of 5.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TACT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TransAct Technologies Incorporated to open at $4.65, and during the day (based on 14 day Average True Range), to move between $4.46 and $4.88, which gives a possible trading interval of +/-$0.213 (+/-4.56%) up or down from last closing price. If TransAct Technologies Incorporated takes out the full calculated possible swing range there will be an estimated 9.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.66 (0.21%) than the resistance at $5.05 (8.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TransAct Technologies Incorporated stock A Buy?
TransAct Technologies Incorporated 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.351 Sell Candidate Upgraded
Predicted Opening Price for TransAct Technologies Incorporated of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.65 ( 0.357%) | $4.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TACT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.92 | 5.42 % | |
| R2 | 4.82 | 3.22 % | ||
| R1 | 4.76 | 1.85 % | ||
| Current price: | 4.67 | |||
| Support | S1 | 4.55 | -2.57 % | |
| S2 | 4.49 | -3.93 % | ||
| S3 | 4.38 | -6.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.41 | 15.85 % | |
| R2 | 5.30 | 13.49 % | ||
| R1 | 5.05 | 8.14 % | ||
| Current price | 4.67 | |||
| Support | S1 | 4.66 | -0.214% | |
| S2 | 4.65 | -0.428% | ||
| S3 | 4.55 | -2.57% |
TACT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 31, 2019 | Nov 19, 2019 | Dec 16, 2019 | $0.0900 | 0.82% |
| 2 | Aug 02, 2019 | Aug 19, 2019 | Sep 16, 2019 | $0.0900 | 0.771% |
| 3 | May 01, 2019 | May 17, 2019 | Jun 14, 2019 | $0.0900 | 0.84% |
| 4 | Feb 14, 2019 | Feb 19, 2019 | Mar 15, 2019 | $0.0900 | 1.03% |
| 5 | Nov 05, 2018 | Nov 19, 2018 | Dec 14, 2018 | $0.0900 | 0.98% |
FAQ
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