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Toyota Motor Technical Analysis - Toyota Motor Trading: 2024-07-03
Toyota Motor Technical Analysis Summary
Above 206.1
Buy Stop
Below 201.0
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Toyota Motor Chart Analysis
Toyota Motor Technical Analysis
The technical analysis of the Toyota Motor stock price chart on 4-hour timeframe shows #S-TM,H4 is rebounding toward the 200-period moving average MA(200) after hitting 6-month low two weeks ago. We believe the bullish momentum will continue after the price breaches above the upper bound of Donchian channel at 206.1. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 201.0. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (201.0) without reaching the order (206.1), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Toyota Motor
Toyota Motor said US auto sales rose 9.2% in Q2. Will the Toyota Motor stock price continue rebounding?
Toyota Motor said its US auto sales rose 9.2% in Q2 on stronger demand for affordable and premium crossover SUV. The company sold 621,549 vehicles in the quarter, compared with 568,962 units a year earlier. Sales of Toyota's SUVs, such as the Land Cruiser and 4Runner, rose nearly 8.6% from a year earlier. Higher sales are bullish for a company’s stock price.
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