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Toyota Motor Technical Analysis - Toyota Motor Trading: 2023-04-28
Toyota Motor Technical Analysis Summary
Above 137.75
Buy Stop
Below 133.69
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| 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 4-hour timeframe shows #S-TM, H4 has reversed its retreating after hitting five-week low a week ago and is rising toward the 200-day moving average MA(200). We believe the bullish momentum will continue after the price breaches above the upper bound of Donchian channel at 137.75. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 133.69. 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 (133.69) without reaching the order (137.75), 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 it exceeded annual production goal ended in March. Will the Toyota Motor stock price continue rebounding?
Toyota Motor Corporation on Thursday said it set a global annual output record in the business year ended in March. Toyota had produced 9.13 million vehicles globally in the 12 months through March 31, edging past its target of 9.1 million vehicles . Global sales for the 12 months ended March rose to 9.61 million vehicles from 9.51 million in the prior year, another annual record for the company. But the world's biggest automaker by sales warned it continued to feel impacts from the long-running global chip shortage. Higher sales and output are bullish for a company’s stock price.
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