Fresh buy signal, earnings due this week
Toyota stock: +6.5% weekly gain as a new buy signal fires ahead of earnings
Fresh buy signal, earnings due this week
Our view last week
Toyota's decline is losing steam but hasn't caved in: after a week that favored buyers, sellers retake control of the tape, nearly triple the buying volume, and money flow slips back into negative territory. The price, though, barely moves, squeezed between a support and a resistance only cents apart, while a double bottom in the 168 area shows a weak 3% bounce underneath. Earnings land this week: expect volatility to pick up.
This week's summary
Toyota stock closes the week up 6.5%, but under the surface volume tells a different story: on the daily chart sellers stay in control, with only 28.8% of trading coming from buyers, and money flow stays negative, a sign of a distribution phase still underway. Against that backdrop a new Buy signal fires: Toyota stock enters our weekly technical analysis with a signal strength of 54 out of 100, right in the week of its earnings report.
IQS Phase
42
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#13 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 13th among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 54 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
TM belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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