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Toyota Motor Technical Analysis - Toyota Motor Trading: 2022-03-18
Toyota Motor Technical Analysis Summary
Above 172.07
Buy Stop
Below 155.04
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Toyota Motor Chart Analysis
Toyota Motor Technical Analysis
The technical analysis of the Toyota Motor stock price chart on daily timeframe shows #S-TM, Daily has resumed climbing toward the 200-day moving average MA(200) after hitting ten-month low two weeks ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 172.07. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 155.04. 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 (155.04) without reaching the order (172.07), 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 stock didn't fall the company announced it will cut production of cars again in April. Will the Toyota Motor stock price continue advancing?
Toyota Motor Corporation is a Japanese automobile manufacturer which manufactures and sells passenger automobiles and commercial vehicles globally. Its market capitalization is $251.3 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 9.13 currently with the Return on Assets (ttm) of 3.31% and the Return on Equity (ttm) at 13.06%. Yesterday the automaker said it is cutting its global production target in April to 750,000 vehicles, down 150,000 from an earlier plan. Chip shortage and the COVID-19 pandemic were cited as the reasons for plan change. Average monthly global production for the period from April to June would be about 800,000. Logistical hurdles for suspension at a plant in Russia were cited as an additional bottleneck. Toyota’s global vehicle production will be down 10% in May and 5% in June from previous estimates at the beginning of the year. The company said “there is a possibility the current plan will be revised downward." Expectations of output cut are bearish for a company’s stock price. However, the stock closed virtually unchaged on the day after the announcement about cutting the global production target in April.
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