Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
Transdigm Group Inc. (NYSE: TDG) TransDigm Group, Inc. engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.The company was founded by W. Nicholas Howley and Douglas W. Peacock in 1993 and is headquartered in Cleveland, OH.
Will TDG Stock Hits Four Digit Mark $1000?
TDG stock (NYSE: TDG) stock has surpassed the neckline of $850 and shows a double bottom pattern on the charts. Moreover, the price action shows that TDG stock price is consolidating in a range. TDG stock broke the trendline and surpassed the neckline of $870.
At press time, TDG stock price was $882.74 with an intraday gain of 1.50% showing buying interest in the past trading sessions. Moreover, the trading volume increased by 0.55% to $101.899K and the market cap is $48.713 Billion. Furthermore, Analysts have maintained a buy rating with a yearly target price of $986.52 suggesting a growth outlook for the upcoming sessions.
The RSI curve stayed near the midpoint and shows a bullish divergence suggesting a positive outlook. The green bars on the MACD histogram also suggest a positive outlook.
TDG Stock Price Prediction 2023
On the daily charts, TDG stock price is trading above the significant moving averages and attained buying momentum in the past sessions. Moreover, the price action shows the bullish marubozu candlestick.
Furthermore, the chart shows the reversal from the 50 day EMA highlighting buyers’ accumulation. If buying momentum continues, TDG stock has the potential to reach the maximum of $900 followed by $950.
Conversely, if stock reverses from the neckline of $900, TDG stock will retest the immediate support of $800.
TDG stock Price Prediction 2024
On the monthly chart, TDG stock price made a doji candlestick which was followed by an uptick buying volume. Furthermore, the chart shows that post breakout, the stock paused near $900. Moreover, TDG stock is favoring the bulls and shows the buyers’ accumulation.
If buyers continue to gain strength, KMX stock has the potential to reach the maximum of $1000 by 2024. Conversely, if bears gain strength, KMX stock will retest the demand zone of $750.
TDG Stock Price Prediction 2025
On the 6 months chart, TDG stock is forming a doji candlestick post the bullish marubozu candlestick. Moreover, the chart showcased the breakout above the neckline of $800 as the stock continued to surge amid the bearish market sentiments.
If bulls remaining aggressive, TDG stock will surpass the four digit hurdle of $1000 and may reach the maximum of $1100 followed by $1200 in the coming years.
Conversely, if stock fails to surpass the immediate hurdle of $950, it will head for the $700 mark.
Summary
TDG stock has showcased a buying momentum and has surpassed the significant moving averages beyond the neckline of $860. Furthermore, the price action is favouring the bulls and suggests that, TDG stock will continue to outperform and may reach the upside of $1000 soon.
Technical Levels
Support Levels: $800 and $750
Resistance Levels: $950 and $1000
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/11/04/tdg-stock-price-prediction-2023-2024-2025-will-tdg-reach-1000/