Teradyne Inc Stock Forecast
On Thursday, Teradyne Inc stock price gained an impressive 8.15%
(Updated on Apr 25, 2024)
The Teradyne Inc stock price gained 8.15% on the last trading day (Thursday, 25th Apr 2024), rising from $100.70 to $108.91. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.60% from a day low at $104.00 to a day high of $109.82. The price has been going up and down for this period, and there has been a -0.5% 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, 6 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $851.37 million.
The stock lies in the middle of a wide and weak 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 6.03% during the next 3 months and, with a 90% probability hold a price between $102.20 and $121.77 at the end of this 3-month period.
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TER Signals & Forecast
The Teradyne Inc 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 $100.78 and $106.31. 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 13.48%. 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 Teradyne Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $103.06 and $96.59. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Teradyne Inc finds support just below today's level at $103.06. If this is broken, then the next support from accumulated volume will be at $96.59 and $95.14.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.82 between high and low, or 5.60%. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: $104.60 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TER) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Teradyne Inc to open at $107.58, and during the day (based on 14 day Average True Range), to move between $105.25 and $112.57, which gives a possible trading interval of +/-$3.66 (+/-3.36%) up or down from last closing price. If Teradyne Inc takes out the full calculated possible swing range there will be an estimated 6.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $109.46 (0.51%) than the support at $103.06 (5.37%), 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.
Is Teradyne Inc stock A Buy?
Teradyne Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.687 Hold/Accumulate Upgraded
Predicted Opening Price for Teradyne Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $107.58 ( 1.22%) | $108.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.40 | 4.12 % | |
| R2 | 111.17 | 2.08 % | ||
| R1 | 109.80 | 0.82 % | ||
| Current price: | 108.91 | |||
| Support | S1 | 105.35 | -3.27 % | |
| S2 | 103.98 | -4.53 % | ||
| S3 | 101.76 | -6.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.83 | 3.60 % | |
| R2 | 111.45 | 2.33 % | ||
| R1 | 109.46 | 0.505 % | ||
| Current price | 108.91 | |||
| Support | S1 | 103.06 | -5.37% | |
| S2 | 96.59 | -11.31% | ||
| S3 | 95.14 | -12.64% |
TER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 15, 2024 | Mar 15, 2024 | $0.120 | 0.116% |
| 2 | Nov 13, 2023 | Nov 24, 2023 | Dec 20, 2023 | $0.110 | 0.106% |
| 3 | Aug 21, 2023 | Aug 31, 2023 | Sep 25, 2023 | $0.110 | 0.114% |
| 4 | May 11, 2023 | May 23, 2023 | Jun 16, 2023 | $0.110 | 0.0990% |
| 5 | Jan 25, 2023 | Feb 16, 2023 | Mar 17, 2023 | $0.110 | 0.105% |
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