TE Connectivity Ltd Stock Forecast
Stronger technical forecast for TE Connectivity Ltd stock price after Monday trading.
(Updated on Apr 22, 2024)
The TE Connectivity Ltd stock price gained 2.29% on the last trading day (Monday, 22nd Apr 2024), rising from $140.55 to $143.77. During the last trading day the stock fluctuated 2.65% from a day low at $140.39 to a day high of $144.11. The price has been going up and down for this period, and there has been a -0.7% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 175 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $322.39 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TE Connectivity Ltd stock with a 90% probability to be traded between $141.56 and $149.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TEL Signals & Forecast
The TE Connectivity Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $142.02 and $142.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.34%. 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 TE Connectivity Ltd stock
TE Connectivity Ltd finds support from accumulated volume at $143.63 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 $3.72 between high and low, or 2.65%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $136.41 (-5.12%) (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 (TEL) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect TE Connectivity Ltd to open at $142.76, and during the day (based on 14 day Average True Range), to move between $141.16 and $146.38, which gives a possible trading interval of +/-$2.61 (+/-1.81%) up or down from last closing price. If TE Connectivity Ltd takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $143.63 (0.10%) than the resistance at $143.99 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TE Connectivity Ltd will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.83. We will update the financials statements for TE Connectivity Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.69% in the first trading day after earnings release.
Is TE Connectivity Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TE Connectivity Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.497 Buy Candidate Upgraded
Predicted Opening Price for TE Connectivity Ltd of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $142.76 ( 0.705%) | $143.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.48 | 1.88 % | |
| R2 | 145.06 | 0.89 % | ||
| R1 | 144.18 | 0.284 % | ||
| Current price: | 143.77 | |||
| Support | S1 | 141.34 | -1.69 % | |
| S2 | 140.46 | -2.30 % | ||
| S3 | 139.04 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.48 | 0.494 % | |
| R2 | 144.26 | 0.341 % | ||
| R1 | 143.99 | 0.153 % | ||
| Current price | 143.77 | |||
| Support | S1 | 143.63 | -0.0974% | |
| S2 | 142.25 | -1.06% | ||
| S3 | 140.74 | -2.11% |
TEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | May 23, 2024 | Jun 07, 2024 | $0.650 | 0.452% |
| 2 | Mar 21, 2023 | Feb 15, 2024 | Mar 01, 2024 | $0.590 | 0.410% |
| 3 | Mar 15, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.590 | 0.447% |
| 4 | Mar 15, 2023 | Aug 17, 2023 | Mar 01, 2024 | $0.590 | 0.410% |
| 5 | Mar 15, 2023 | May 18, 2023 | Mar 01, 2024 | $0.590 | 0.410% |
FAQ
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