Trustmark Corporation Stock Forecast
Green day on Thursday for Trustmark Corporation stock after gaining 0.178%
(Updated on Mar 28, 2024)
The Trustmark Corporation stock price gained 0.178% on the last trading day (Thursday, 28th Mar 2024), rising from $28.06 to $28.11. 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 2.29% from a day low at $27.93 to a day high of $28.57. The price has risen in 8 of the last 10 days and is up by 10.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 334 thousand shares were bought and sold for approximately $9.40 million.
Given the current short-term trend, the stock is expected to fall -2.90% during the next 3 months and, with a 90% probability hold a price between $24.65 and $27.30 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TRMK Signals & Forecast
Mostly positive signals in the chart today. The Trustmark Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.20 and $26.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 10.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Trustmark Corporation stock
Trustmark Corporation finds support from accumulated volume at $27.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.640 (2.29%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $27.04 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (TRMK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Trustmark Corporation to open at $28.20, and during the day (based on 14 day Average True Range), to move between $27.40 and $28.82, which gives a possible trading interval of +/-$0.706 (+/-2.51%) up or down from last closing price. If Trustmark Corporation takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.15 (0.14%) than the support at $27.15 (3.42%), 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 Trustmark Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.539 Buy Candidate Unchanged
Predicted Opening Price for Trustmark Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$28.20 ( 0.332%) | $28.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRMK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.84 | 2.61 % | |
R2 | 28.60 | 1.74 % | ||
R1 | 28.45 | 1.20 % | ||
Current price: | 28.11 | |||
Support | S1 | 27.96 | -0.538 % | |
S2 | 27.81 | -1.08 % | ||
S3 | 27.56 | -1.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.55 | 1.57 % | |
R2 | 28.22 | 0.391 % | ||
R1 | 28.15 | 0.142 % | ||
Current price | 28.11 | |||
Support | S1 | 27.15 | -3.42% | |
S2 | 26.59 | -5.41% | ||
S3 | 25.92 | -7.79% |
TRMK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 23, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.230 | 0.89% |
2 | Oct 24, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.230 | 0.83% |
3 | Jul 25, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.230 | 1.04% |
4 | Apr 25, 2023 | May 31, 2023 | Jun 15, 2023 | $0.230 | 1.03% |
5 | Jan 24, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.230 | 0.90% |
FAQ
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