(TM) Investment Analysis

May 04, 2024, 18:50 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TM

• Buy TM slightly over 221.84 target 237.64 stop loss @ 221.2 Details

The technical summary data tells us to buy TM near 221.84 with an upside target of 237.64. This data also tells us to set a stop loss @ 221.2 to protect against excessive loss in case the stock begins to move against the trade. 221.84 is the first level of support below 232.87 , and by rule, any test of support is a buy signal. In this case, support 221.84 would be being tested, so a buy signal would exist.

• Short TM slightly under 237.64, target 221.84, stop loss @ 238.33 Details

The technical summary data is suggesting a short of TM as it gets near 237.64 with a downside target of 221.84. We should have a stop loss in place at 238.33though. 237.64 is the first level of resistance above 232.87, and by rule, any test of resistance is a short signal. In this case, if resistance 237.64 is being tested, so a short signal would exist.

Swing Trading Plans for TM

• Buy TM slightly over 237.64, target 254.02, Stop Loss @ 236.95 Details

If 237.64 begins to break higher, the technical summary data tells us to buy TM just slightly over 237.64, with an upside target of 254.02. The data also tells us to set a stop loss @ 236.95 in case the stock turns against the trade. 237.64 is the first level of resistance above 232.87, and by rule, any break above resistance is a buy signal. In this case, 237.64, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TM slightly near 237.64, target 231.69, Stop Loss @ 238.33. Details

The technical summary data is suggesting a short of TM if it tests 237.64 with a downside target of 231.69. We should have a stop loss in place at 238.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 237.64, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TM

• Buy TM slightly over 233.28, target 237.64, Stop Loss @ 232.74 Details

If 233.28 begins to break higher, the technical summary data tells us to buy TM just slightly over 233.28, with an upside target of 237.64. The data also tells us to set a stop loss @ 232.74 in case the stock turns against the trade. 233.28 is the first level of resistance above 232.87, and by rule, any break above resistance is a buy signal. In this case, 233.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TM slightly near 233.28, target 231.69, Stop Loss @ 233.82. Details

The technical summary data is suggesting a short of TM if it tests 233.28 with a downside target of 231.69. We should have a stop loss in place at 233.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 233.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Toyota Motor Corporation (TM) available here: TM.

TM Ratings for May 04:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	221.84
P2	230.99	226.02	237.64
P3	233.28	231.69	254.02

AI Generated Signals for TM

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

With an objective approach to Toyota Motor Corporation (NYSE: TM), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for TM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if TM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for TM too.  All of these are offered below the Summary Table.