TransDigm Group Incorporated Stock Forecast
TransDigm Group Incorporated stock upgraded to Strong Buy Candidate.
(Updated on Apr 23, 2024)
The TransDigm Group Incorporated stock price gained 3.45% on the last trading day (Tuesday, 23rd Apr 2024), rising from $1,200.93 to $1,242.40. During the last trading day the stock fluctuated 2.44% from a day low at $1,215.00 to a day high of $1,244.66. The price has risen in 6 of the last 10 days and is up by 2.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 96 thousand more shares were traded than the day before. In total, 214 thousand shares were bought and sold for approximately $265.31 million.
The stock lies in the middle of a 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 12.27% during the next 3 months and, with a 90% probability hold a price between $1,338.53 and $1,452.03 at the end of this 3-month period.
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TDG Signals & Forecast
The TransDigm Group Incorporated 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 $1,214.41 and $1,206.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TransDigm Group Incorporated stock
TransDigm Group Incorporated finds support from accumulated volume at $1,187.40 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 $29.66 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: $1,189.20 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (TDG) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect TransDigm Group Incorporated to open at $1,234.02, and during the day (based on 14 day Average True Range), to move between $1,215.50 and $1,269.30, which gives a possible trading interval of +/-$26.90 (+/-2.17%) up or down from last closing price. If TransDigm Group Incorporated takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1,187.40, some $55.00 (4.43%) from the current price of $1,242.40, our system finds the risk reward attractive.
Is TransDigm Group Incorporated stock A Buy?
TransDigm Group Incorporated holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 6.774 Strong Buy Candidate Upgraded
Predicted Opening Price for TransDigm Group Incorporated of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $1,234.02 ( 0.675%) | $1,242.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,263.68 | 1.71 % | |
| R2 | 1,252.35 | 0.80 % | ||
| R1 | 1,245.35 | 0.237 % | ||
| Current price: | 1,242.40 | |||
| Support | S1 | 1,222.69 | -1.59 % | |
| S2 | 1,215.69 | -2.15 % | ||
| S3 | 1,204.36 | -3.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,242.40 | |||
| Support | S1 | 1,187.40 | -4.43% | |
| S2 | 1,147.01 | -7.68% | ||
| S3 | 1,128.57 | -9.16% |
TDG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2023 | Nov 17, 2023 | Nov 27, 2023 | $35.00 | 3.58% |
| 2 | Aug 09, 2022 | Aug 18, 2022 | Aug 26, 2022 | $18.50 | 2.93% |
| 3 | Dec 20, 2019 | Dec 27, 2019 | Jan 07, 2020 | $32.50 | 5.54% |
| 4 | Aug 06, 2019 | Aug 15, 2019 | Aug 23, 2019 | $30.00 | 5.75% |
| 5 | Aug 23, 2017 | Aug 31, 2017 | Sep 12, 2017 | $22.00 | 8.66% |
FAQ
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