By Mill Chart
Last update: May 25, 2023
TOLL BROTHERS INC (NYSE:TOL) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:TOL.
ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.
We assign a technical rating of 9 out of 10 to TOL. Both in the recent history as in the last year, TOL has proven to be a steady performer, scoring decent points in every aspect analyzed.
ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:TOL scores a 8 out of 10:
TOL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.
Of course, there are many ways to trade or not trade NYSE:TOL and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.
Our Breakout analyzer lists more breakout setups and is updated daily.
TOLL BROTHERS INC
NYSE:TOL (5/24/2023, 7:04:00 PM)
After market: 65.48 +0.39 (+0.6%)65.09
+1.34 (+2.1%)
The builder reported better-than-expected second-quarter profits and revenue late Tuesday.
Toll Brothers (TOL) stock gained 3.4% after the bell on Tuesday as the homebuilder raised its full-year guidance and posted better-than-expected Q2 results, helped by strong...
Toll Brothers (TOL) stock advanced 3.2% in Tuesday after-hours trading after the high-end homebuilder delivered earnings and revenue for fiscal Q2 that exceeded consensus estimates...
Toll Brothers press release (TOL): Q2 GAAP EPS of $2.85 beats by $0.93.Revenue of $2.51B (+10.1% Y/Y) beats by $440M.Home sales revenues were $2.5 billion, up 14% compared to FY...
FORT WASHINGTON, Pa., May 23, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s leading builder of luxury homes,...
Toll Brothers reports Q2 financials Tuesday with existing-home sales retreating in April.
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Only five home sites remain in this exclusive luxury estate community featuring award-winning Toll Brothers architecture...