{"id":147312,"date":"2019-05-09T10:39:02","date_gmt":"2019-05-09T14:39:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147312"},"modified":"2019-05-09T06:40:06","modified_gmt":"2019-05-09T10:40:06","slug":"toyota-analysis-lower-profit-expectations-bearish-for-toyota-motor-prices","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/toyota-analysis-lower-profit-expectations-bearish-for-toyota-motor-prices\/","title":{"rendered":"Toyota Analysis: Lower profit expectations bearish for Toyota Motor prices"},"content":{"rendered":"
May 9, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Lower profit expectations bearish for Toyota Motor prices<\/strong><\/p>\n

Toyota Motor lowered its profit forecast for 2019. Will the Toyota Motor price<\/a> continue declining?<\/p><\/blockquote>\n

Toyota Motor lowered its profit forecast to 3.3% rise, amounting to 2.55 trillion yen ($23.20 billion) in the year to March 2020, on an expected drop in revenue and weaker vehicle sales in Japan and North America. A week before that Toyota and Fiat Chrysler Automobiles reported a fall in US auto sales for April. Rising prices, higher interest rates and reduced incentives for buyers were cited as reasons for lower sales. Toyota particularly reported a 4.4% percent fall in US sales in April, noting weak demand for its sedans. Lower demand forecast for cars is bearish for Toyota Motor stock price.<\/p>\n

\"TM<\/p>\n

On the daily timeframe the S-TM: D1<\/b> is testing the 200-day moving average MA(200), which is falling. This is bearish.<\/p>\n