Trinity Biotech plc Stock Forecast
Red day on Friday for Trinity Biotech plc stock after losing 3.97%
(Updated on Apr 19, 2024)
The Trinity Biotech plc stock price fell by -3.97% on the last day (Friday, 19th Apr 2024) from $1.88 to $1.81. During the last trading day the stock fluctuated 2.26% from a day low at $1.80 to a day high of $1.84. The price has fallen in 6 of the last 10 days and is down by -8.82% for this period. 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 -17 thousand shares and in total, 6 thousand shares were bought and sold for approximately $10.37 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.72 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 118.59% during the next 3 months and, with a 90% probability hold a price between $3.77 and $7.96 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TRIB Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trinity Biotech plc 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 $1.85 and $2.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -24.78%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Trinity Biotech plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0406 between high and low, or 2.26%. For the last week the stock has had daily average volatility of 3.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRIB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Trinity Biotech plc to open at $1.81, and during the day (based on 14 day Average True Range), to move between $1.70 and $1.91, which gives a possible trading interval of +/-$0.106 (+/-5.86%) up or down from last closing price. If Trinity Biotech plc takes out the full calculated possible swing range there will be an estimated 11.73% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.90, some $0.0896 (4.96%) from the current price of $1.81, our system finds the risk reward not very attractive.
Is Trinity Biotech plc stock A Buy?
The Trinity Biotech plc stock holds several negative signals and despite the positive trend, we believe Trinity Biotech plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.634 Sell Candidate Unchanged
Predicted Opening Price for Trinity Biotech plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.81 ( 0.528%) | $1.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.86 | 2.78 % | |
| R2 | 1.84 | 1.92 % | ||
| R1 | 1.83 | 1.39 % | ||
| Current price: | 1.81 | |||
| Support | S1 | 1.80 | -0.331 % | |
| S2 | 1.79 | -0.86 % | ||
| S3 | 1.77 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.23 | 23.52 % | |
| R2 | 2.15 | 19.09 % | ||
| R1 | 1.90 | 4.96 % | ||
| Current price | 1.81 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TRIB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2015 | Jun 05, 2015 | Jul 01, 2015 | $0.220 | 0.241% |
| 2 | May 27, 2014 | Jun 06, 2014 | Jul 01, 2014 | $0.220 | 0.187% |
| 3 | Apr 25, 2013 | Jun 06, 2013 | Jul 01, 2013 | $0.200 | 0.239% |
| 4 | Apr 25, 2012 | Jun 06, 2012 | Jun 22, 2012 | $0.150 | 0.254% |
| 5 | May 27, 2011 | Jun 07, 2011 | Jun 23, 2011 | $0.400 | 0.81% |
FAQ
Click here for our free guide on how to buy Trinity Biotech plc Stock.
