Toyota accelerates toward its breakout trigger
Toyota stock jumps 3.3%, closing in on a breakout near 198
Our view last week
Toyota closes its confirmation week in the green (+0.5%) and builds 4 higher lows on the daily chart, from the 176 area to the 187 area, with buyers controlling 93.5% of trading. Toyota stock's buy signal, which fired 2 weeks ago, is holding: the weekly MACD has just crossed back above its Signal line, even though the price stays below the 50-week average. Weekly technical analysis: strength eases to 47 out of 100, a steady but low-conviction profile.
This week's summary
Toyota stock is accelerating: up 3.3% this week, the sharpest move since the buy signal fired three weeks ago. On the daily chart the sequence of higher lows continues, from the 185 area to the 187 area, with the price now pushing toward the 198 area, the high of the last seven sessions. The one blemish is volume, contracting on the way up. Weekly technical analysis: strength holds steady at 47 out of 100, a steady but low-conviction profile.
IQS Phase
67
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#96 / 167
US stocks in progress
Trade P&L %
+4.42%
from signal to date, no stop loss
Rank position
ranks 96th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
TM belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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