What drove the TRA.AX stock volume spike pre-market?

The pre-market spike followed a bmo earnings update on 20 Nov 2024 where Turners beat EPS and revenue estimates. Meyka’s alert showed relative volume **36.59** versus an average **82**, likely drawing short-term buyers and algos.

What are the key support and resistance levels for TRA.AX stock?

Watch **A$6.85** as near-term support (moving average / VWAP zone) and **A$7.19–7.50** as immediate resistance. A break below **A$6.50** risks a move toward **A$5.50**.

How does Meyka AI rate TRA.AX and what are the forecasts?

Meyka AI rates TRA.AX **78/100 (B, BUY)**. The model projects **A$7.31** monthly (+3.25%) and **A$6.33** yearly (-10.58%). Forecasts are projections, not guarantees.

Are there major financial risks for Turners Automotive Group Limited?

Yes. Key risks are negative free cash flow per share (~**-0.54**), elevated debt-to-equity (~**1.70**) and a long receivables cycle. Those amplify sensitivity to sales slowdowns.

AU Stocks

TRA.AX Turners (ASX) pre-market volume spike 10 Jan 2026: Watch A$7.08

ByDanny Kontos January 10, 2026January 10, 2026

TRA.AX stock trades at A$7.08 in pre-market trade after a volume spike flagged on 10 Jan 2026. The move follows a stronger-than-expected quarterly release dated 20 Nov 2024 where Turners reported EPS A$0.2171 versus estimate A$0.1991 and revenue A$208,551,000 versus estimate A$174,797,891. Traders should note a very high relative volume signal and overbought technicals alongside solid year-to-date gains. We summarise the drivers, valuation, technical setup and what to watch next for Turners Automotive Group Limited (TRA.AX) on the ASX.