TRIB +43.5%: Surges to Test Key $1.28 Pivot
$Trinity Biotech PLC(TRIB)$
TRIB Soared +43.50%: Explosive Turnaround, Tests Key $1.28 Pivot
Latest Close Data
Closed at $1.28 on 2025-12-24, surging +43.50% from $0.892. Still 62.8% below its 52-week high of $3.44.
Core Market Drivers
Intense trading activity marked the day with a massive 944% turnover rate, indicating a potential speculative squeeze or major position reshuffling.
No specific news was cited, suggesting the move may be technically driven.
Technical Analysis
Volume exploded to 176M shares (Volume Ratio: 1722.9), confirming strong buying interest.
The 6-day RSI rocketed to 77.83, entering overbought territory.
The MACD (0.0159) crossed above its signal line (0.0091), generating a bullish crossover signal (MACD Histogram: 0.0137).
Key Price Levels
Primary Support: $1.18 (today's low).
Strong Resistance: $1.2873 (recent pivot).
Immediate Pivot: $1.28 (today's close & immediate test level).
Valuation Perspective
The stock trades at a P/S ratio of 0.39, which is cheap on a sales basis.
However, with a negative P/E (TTM: -0.70) and Forward P/E (-0.20), profitability remains a core challenge, though the forward P/E shows significant improvement from its historical average of -1.42.
Analyst Targets
A single analyst maintains a "Buy" rating with a price target of $3.00, implying ~134% upside from the current price.
Weekly Outlook
Expect volatility to persist after today's explosive move. The immediate test is holding above the $1.28 pivot.
A successful break above $1.287 resistance could target the $1.50-$1.75 zone. Failure to hold $1.18 support may lead to a retracement toward $1.00.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Investing involves risk, including the potential loss of principal. The stock is highly volatile, thinly covered by analysts, and the company is not currently profitable. Conduct your own research before making any investment decisions.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
