Trio-Tech International (TRT)

TRT stock forecast: buy or sell

TRT stock outlook

  • Trio-Tech International stock just moved -0.99% to close at $2.99 on the stock market today.
  • The stock is configuring an uptrend pattern since mid-March, when it bottomed at $2.43. Up to date, shares marked a 23.05% profit since the beginning of this rally
  • Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry.
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Disclaimer:
The opinions written in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the specific scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational purposes only

TRT stock chart overview

Should I buy Trio-Tech International stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is TRT stock a buy?

Currently, Trio-Tech International stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean TRT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Trio-Tech International stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Like when we have to buy shares, choosing when is appropiate to sell is not a capricious decision, and we must adhere our own trading strategy. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for selling short TRT stock

A guiding principle is that you should never mantain an investment that yields greater losses than those expected by the time of purchase. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Trio-Tech International stock?

Currently, Trio-Tech International stock doesn't match any of our preferred sell setups, so if you hold Trio-Tech International shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Trio-Tech International stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous month we couldn't find any rating for Trio-Tech International

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Technical analysis

Trio-Tech International shares started an uptrend in mid-March, and gained an amazing 23.05%. Rising highs and lows can be seen easily on a chart and how price action provided very few entry points on the breakouts. Latest low was in late April, when price bounced at $2.50. Currently, it swings in a consolidation between its last top ($3.50) and its last bottom ($2.50)

SMAs overview

A favorite tool of many traders are the moving averages, that easily show trend direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. Further about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Investors use support and resistance levels as a way to identify price points in the stock price action that may behave as barriers, preventing the price of a stock to move up or down. A support level is a level where the price may find support as it falls. Price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down the support, it is likely to continue declining until approaching another support level. In contrast, resistances are where the price may find a curb as it rises. In the same way, this means that the price is more liable to "bounce off" at this level, and if it finally breaches this level, the price will climb more easily until it approaches the next resistance

The current resistance levels are:

  • R1: $2.99 (0% above)
  • R2: $3.00 (0.33% above)
  • R3: $3.02 (1% above)
  • The current support levels are:

  • S1: $2.97 (-0.67% below)
  • S2: $2.96 (-1% below)
  • S3: $2.93 (-2.01% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. It is composed of three bands that are superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that measures price movements to identify when the price of a share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders

    When the Relative Strength Indicator (RSI) fluctuates for so long below 70 and above 30, without any indication of overbought and oversold, the indicator is of little use, and we are currently in one of these situations.

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    Earnings and financials

    Trio-Tech International (TRT) reported adjusted EPS for the fiscal Q1 that met analysts' expectations. Quarterly EPS was $0.02 per share versus $0.00. The company said turnover was $8.5 million aligned with the market forecasts as well.

    This compares to earnings of $0.19 per share a year ago, so current EPS is a decrease of -89.47%. Looking at sales, figures scarcely moved compared to $8.8M same quarter 12 months ago.

    TRT will host the quarterly earnings call next September. Estimated per-share earnings of %s for this quarter is $0.00. If you own or you are considering buying TRT shares, you must be on alert as the financial reporting day usually has a very high volatility, and price can jump up or down with unsually low liquidity and not honouring your buy/stop-loss orders. It's always good to review company's website to confirm time and details on the earnings call and the earnings report.

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