Teradyne Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Teradyne Inc stock price ended at $100.20 on Thursday, after losing 1.83%.
(Updated on Apr 18, 2024)
The Teradyne Inc stock price fell by -1.83% on the last day (Thursday, 18th Apr 2024) from $102.07 to $100.20. During the last trading day the stock fluctuated 2.50% from a day low at $100.02 to a day high of $102.52. The price has been going up and down for this period, and there has been a -5.43% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -97 thousand shares and in total, 2 million shares were bought and sold for approximately $209.26 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $99.90 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.13% during the next 3 months and, with a 90% probability hold a price between $105.03 and $119.98 at the end of this 3-month period.
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TER Signals & Forecast
There are few to no technical positive signals at the moment. The Teradyne Inc 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 $104.76 and $106.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -11.29%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Teradyne Inc stock
Teradyne Inc finds support from accumulated volume at $98.47 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.50 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TER) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Teradyne Inc to open at $100.91, and during the day (based on 14 day Average True Range), to move between $96.98 and $103.42, which gives a possible trading interval of +/-$3.22 (+/-3.22%) up or down from last closing price. If Teradyne Inc takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $98.47 (1.73%) than the resistance at $103.06 (2.85%), 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
Teradyne Inc will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.330. We will update the financials statements for Teradyne Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.24% in the first trading day after earnings release.
Is Teradyne Inc stock A Buy?
The Teradyne Inc stock holds several negative signals and despite the positive trend, we believe Teradyne Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.323 Sell Candidate Unchanged
Predicted Opening Price for Teradyne Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $100.91 ( 0.712%) | $100.20 |
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 | 103.41 | 3.21 % | |
| R2 | 102.46 | 2.25 % | ||
| R1 | 101.87 | 1.67 % | ||
| Current price: | 100.20 | |||
| Support | S1 | 99.96 | -0.241 % | |
| S2 | 99.37 | -0.83 % | ||
| S3 | 98.41 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.45 | 11.23 % | |
| R2 | 105.95 | 5.74 % | ||
| R1 | 103.06 | 2.85 % | ||
| Current price | 100.20 | |||
| Support | S1 | 98.47 | -1.73% | |
| S2 | 96.59 | -3.60% | ||
| S3 | 95.14 | -5.05% |
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% |
FAQ
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