USA A1 Trading Advice (B) | 19-Jun-2024 | Expected Gain 7%-8%

 BUY   Teradyne (NASDAQ: TER)

Teradyne (NASDAQ: TER) STOCK RECOMMENDATION

Idea BUY
Buy Range 147 – 150
Target 159 – 162
StopLoss* below 141
Duration 12-14 Trading Days
Potential Returns 7% – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 147 – 150 159 – 162 below 141 12-14 Trading Days 7% – 8%

* Once the first target hit, reset the StopLoss at your buying price.

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Teradyne (NASDAQ: TER) STOCK OVERVIEW

Teradyne, Inc. is a company that specializes in developing and selling automatic test systems. It has different business segments including Semiconductor Test, System Test, Robotics, Wireless Test, and Corporate. The Semiconductor Test segment focuses on designing, manufacturing, and marketing semiconductor test products and services. The System Test segment offers products and services for Defense/Aerospace, Storage Test, and Production Board Test business units. The Robotics segment is responsible for designing, manufacturing, and marketing collaborative robotic arms, autonomous mobile robots, and advanced robotic control software. The Wireless Test segment deals with wireless test products and services. The Corporate segment covers other automatic test systems and robotics products. Teradyne, Inc. was founded in 1960 by Alexander V. d’Arbeloff and Nicholas DeWolf and is based in North Reading, MA.

Stock Data
NASDAQ Symbol TER
Sectoral Index Electrical Products
52 Weeks High 152.23
52 Weeks Low 81.075

Teradyne (NASDAQ: TER) - RELATIVE STRENGTH

TER-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Teradyne —     NASDAQ —

Teradyne (NASDAQ: TER) - DAILY TECHNICAL ANALYSIS

Teradyne (NASDAQ: TER) - Technical Analysis (Daily)
  • Following a significant period of consolidation, the price has successfully broken through and experienced a notable surge upwards.
  • A bullish pole & flag pattern has been formed on the chart, indicating a positive market sentiment.
  • Currently, the price is trading close to its highest level in the past 52 weeks, suggesting a strong bullish momentum.
  • Based on these factors, it is highly anticipated that the price will continue to rise and reach new highs in the upcoming days.

Teradyne (NASDAQ: TER) - RSI

TER-RSI
Teradyne (NASDAQ: TER) - RSI
  • Current RSI of this stock is 69.64, which indicates the strength of buyers.

Teradyne (NASDAQ: TER) - EMA Cross

TER-EMA CROSS
Teradyne (NASDAQ: TER) - EMA Cross
  • The short length exponential moving average (10 EMA) is about to cross the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Teradyne (NASDAQ: TER) - ADX & DI

TER-ADX & DI
Teradyne (NASDAQ: TER) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Teradyne (NASDAQ: TER) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Teradyne stock price target will be USD 159 – USD 162 in the next 12-14 trading sessions.

Teradyne (NASDAQ: TER) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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