Teradyne Inc Stock Forecast
Teradyne Inc stock price up 2.14% on Tuesday
(Updated on Apr 23, 2024)
The Teradyne Inc stock price gained 2.14% on the last trading day (Tuesday, 23rd Apr 2024), rising from $97.76 to $99.85. During the last trading day the stock fluctuated 2.35% from a day low at $98.05 to a day high of $100.35. The price has fallen in 6 of the last 10 days and is down by -10.2% for this period. Volume fell on the last day by -456 thousand shares and in total, 2 million shares were bought and sold for approximately $172.09 million. 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 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 4.81% during the next 3 months and, with a 90% probability hold a price between $100.76 and $119.80 at the end of this 3-month period.
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TER Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.04%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $100.74 and $106.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Teradyne Inc stock
Teradyne Inc finds support from accumulated volume at $96.59 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 $2.30 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 3.17%.
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Teradyne Inc to open at $99.42, and during the day (based on 14 day Average True Range), to move between $96.60 and $103.10, which gives a possible trading interval of +/-$3.25 (+/-3.26%) up or down from last closing price. If Teradyne Inc takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $103.06 (3.21%) than the support at $96.59 (3.26%), 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.
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: -2.893 Sell Candidate Unchanged
Predicted Opening Price for Teradyne Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $99.42 ( 0.434%) | $99.85 |
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 | 101.72 | 1.87 % | |
| R2 | 100.84 | 0.99 % | ||
| R1 | 100.30 | 0.446 % | ||
| Current price: | 99.85 | |||
| Support | S1 | 98.54 | -1.31 % | |
| S2 | 98.00 | -1.86 % | ||
| S3 | 97.12 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.45 | 11.62 % | |
| R2 | 105.95 | 6.11 % | ||
| R1 | 103.06 | 3.21 % | ||
| Current price | 99.85 | |||
| Support | S1 | 96.59 | -3.26% | |
| S2 | 95.97 | -3.89% | ||
| S3 | 95.14 | -4.72% |
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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