THOR INDUSTRIES INC (THO) Stock Technical Analysis
USA - NYSE:THO - US8851601018 - Common Stock
104.48 USD
+0.12 (+0.11%)
104.48 USD
0 (0%)
Overall THO gets a technical rating of 6 out of 10. Although THO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
THO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so THO is lagging the market slightly.
In the last month THO has a been trading in the 98.58 - 109.88 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, THO outperforms 55% of them, which is more or less in line with the market.
THO is part of the Automobiles industry. There are 37 other stocks in this industry, THO did better than 66% of them.
Although the technical rating is only medium, THO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 109.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.34, a Stop Loss order could be placed below this zone.
More info and screens
98.27
116.73
When analyzing the support we notice one important area.
- A support zone ranging from 99.26 to 100.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @109.21 from a horizontal line in the daily time frame.
- A resistance zone ranging from 111.06 to 112.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @115.57 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for THO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for THO is neutral. |
| ChartMill Relative Strength | 55.11 | NEUTRAL | THO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of THO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of THO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.95 | NEUTRAL | The RSI value for THO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests THO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.98 | NEUTRAL | The Stochastics value for THO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for THO suggests some volalility. |
| Average Directional Index/ADX (14) | 15 | NEGATIVE | The low ADX value for THO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 109.22 | 99.25 | 9.97 (9.13%) | 10.95% |
| An entry @109.22. This is a Buy Stop order right above the resistance zone. | An exit @99.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.97 points, which is 9.13%. | When investing 10.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
104.48
+0.12 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg0.11%
1 Week2.18%
2 Weeks-1.17%
1 Month0.84%
3 Month16.45%
6 Month51.24%
12 Month-9.6%
2 Year18.82%
3 Year28.24%
5 Year23.53%
10 Year93.2%
15 Year231.79%
Volatility
ATR(14)3.19
ATR(20)%3.28%
ATR Inc-33.22%
Range Today1.58
ADR(20)3.16
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.11
Mansfield0.07
10 Day High109.13
10 Day Low98.58
20 Day High109.88
20 Day Low98.58
52 Week High118.85
52 Week Low63.16
CS1 End100.34
CR1 Start109.21
Volume & EV
DER(3)0.69%
DER(5)-1.93%
Volume891.60K
Volume Incr-21.35%
Vol(5)653.24K
Vol(50)783.43K