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Toyota Motor Technical Analysis - Toyota Motor Trading: 2024-04-25
Toyota Motor Technical Analysis Summary
Above 233.71
Buy Stop
Below 228.09
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| 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 testing the 200-period moving average MA(200) after returning back above it. We believe the bullish momentum will continue after the price breaches above the upper bound of Donchian channel at 233.71. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 228.09. 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 (228.09) without reaching the order (233.71), 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 its global production hit record high in the year ended in March. Will the Toyota Motor stock price continue rebounding?
Toyota Motor Corporation said today it set a global annual record both in sales and production in the business year ended in March. Toyota said its parent-only production reached 9.97 million vehicles globally in the 12 months through March 31, rising 9.2% over the year. Global sales for the 12 months ended March rose to 10.31 million vehicles, exceeding the 10 million mark for the first time and rising 7.3% over the prior year. But the world's biggest automaker by volume recorded sales and production falls in March due to strong competition in China, the world's largest auto market. Higher sales and output are bullish for a company’s stock price.
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