Friday, January 22, 2021

Chart of the Day - Tata Motors


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Barchart.com's Chart of the Day - Tata Motors
January 22, 2021: Published by Barchart.com

The Barchart of the Day belongs to the global auto manufacturer Tata Motors (NYSE:TTM).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 12/28 the stock gained 56.07% .  

Tata Motors Limited designs, develops, manufactures, and sells a range of automotive vehicles. It offers passenger cars; sports utility vehicles; small commercial vehicles and pickup trucks; buses; and intermediate, light, medium, and heavy commercial vehicles, including trucks, tractors, tippers, multi-axle vehicles, pickups, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related spare parts and accessories. The company also provides fully built solutions for applications, such as garbage compactors, containers, tankers, reefers, and diesel bowser, as well as electric vehicles. In addition, it offers information technology services, machine tools, and factory automation solutions; vehicle financing services; and engines for industrial and marine applications. The company provides its products under the Tata, Daewoo, Fiat, Jaguar, and Land Rover brands. It operates in India, China, the United States, the United Kingdom, rest of Europe, and internationally. The company was formerly known as Tata Engineering and Locomotive Company Limited and changed its name to Tata Motors Limited in July 2003. Tata Motors Limited was founded in 1945 and is headquartered in Mumbai, India.

TTM

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 105.80+ Weighted Alpha
  • 50.18% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 76.39% in the last month
  • Relative Strength Index 82.69%
  • Technical support level at 19.67
  • Recently traded at 19.55 with a 50 day moving average of 13.00

Fundamental factors:

  • Market Cap $12.40 billion
  • Earnings estimated to increase at an annual compounded rate of 6.90% for the next 5 years
  • Wall Street analysts issued 1 strong buy and 3 sell recommendations on the stock
  • The individual investors following the stock on Motley Fool disagree and voted 2,472 to 78 that the stock will beat the market
  • 24,020 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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