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Toyota Motor Technical Analysis - Toyota Motor Trading: 2024-04-01
Toyota Motor Technical Analysis Summary
Below 250.17
Sell Stop
Above 254.55
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
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 retracing lower above the 200-period moving average MA(200) after hitting all-time high a week ago. We believe the bearish momentum will resume after the price breaches below the lower bound of Donchian channel at 250.17. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 254.55. After placing the order, the stop loss is to be moved every day to the next fractal high, 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 (254.55) without reaching the order (250.17), 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 vehicle sales globally fell in February. Will the Toyota Motor stock price continue retracing lower?
Toyota Motor's global sales dropped 7% in February from a year earlier. Heavy decline in China due to Lunar Year holidays and a slump in Japan after a safety test scandal at its small car unit were main drivers for the global sales drop. Sales in China - the world's biggest auto market - fell 36%, partially due to the week-long Lunar New Year holiday which took place in February this year while last year it occurred in January. For January and February combined, however, the sales decline in China was just 0.7%. Toyota's global output for February also declined - 2.6% to 737,178 vehicles. Lower car sales and production are bearish for Toyota stock price.
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