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Toyota Motor Technical Analysis - Toyota Motor Trading: 2022-04-08
Toyota Motor Technical Analysis Summary
Below 172.72
Sell Stop
Above 183
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
| Fibonacci | Neutral |
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 climbing after breaching above the 200-day moving average MA(200) following a drop to eleven-month low three weeks ago. We believe the bearish momentum will continue after the price breaches below 172.72. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 183.00. 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 (183.00) without reaching the order (172.72), 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 cut its estimate for 2022 US auto industry's new-car sales. Will the Toyota Motor stock price continue retreating?
Toyota Motor Corporation on Wednesday cut its 2022 outlook for the US auto industry's new-car sales. The Japanese automaker's new outlook of 15.5 million vehicles was down from its prior forecast of 16.5 million, citing the struggles in the supply-chain caused by the pandemic and the conflict in Ukraine. Bob Carter, executive vice president of sales for Toyota Motor North America, said Toyota expects US sales this year for its Toyota and Lexus brands to finish at about 2.35 million vehicles. This was not the first downgrade in care sales estimate by Toyota due to shortage of semiconductor chips. Lower sales estimates are bearish for a company’s stock price.
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