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Toyota Motor Technical Analysis - Toyota Motor Trading: 2023-01-19
Toyota Motor Technical Analysis Summary
Above 147.77
Buy Stop
Below 141.47
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 daily timeframe shows #S-TM, Daily has reversed its retreating after hitting three-month low three weeks 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 147.77. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 141.47. 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 (141.47) without reaching the order (147.77), 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 plans to produce 750,000 vehicles globally in February. Will the Toyota Motor stock price continue rebounding?
Toyota Motor Corporation on Wednesday said it plans to produce 750,000 vehicles in February. Toyota had produced 740,996 vehicles globally in February last year. The Japanese automaker plans to make about 300,000 vehicles domestically and about 450,000 overseas. Higher output estimates are bullish for a company’s stock price.
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