The bearish trend objective is being fixed at USD 12.7 for Twin disc’s stock.
The company is fragile. Forecasts downgraded by analysts regarding earnings per share reflect the lack of visibility in the short term.
From a graphical perspective, the prices are embedded in a downward trend. Moving averages are trending down and put pressure on the stock, which confirms this downward momentum. This trend may continue toward the USD 12.7.
Therefore, we could take a short position below USD 16.5 to benefit from the downward trend of the share that could quickly go to the next support area located at USD 12.7. A stop loss will be set at the USD 16.8 mid-term resistance. If the threshold is crossed upward, this bearish strategy will be cancelled.
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off highway power transmission equipment. The Company has two reportable segments: Manufacturing and Distribution. The Companyâs products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, controls systems and non-Twin Disc manufactured products. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company has manufacturing locations in the United States, Belgium, Italy, Switzerland, and the Netherlands. In addition to these countries, it has distribution locations in Singapore, China, Australia, and Japan.
TWIN DISC, INCORPORATED 
