THOR INDUSTRIES INC (THO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:THO • US8851601018
Taking everything into account, THO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, THO is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- THO is part of the Automobiles industry. There are 35 other stocks in this industry. THO outperforms 79% of them.
- A new 52 week high is currently being made by THO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month THO has a been trading in the 107.04 - 121.45 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, THO did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although THO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
98.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 114.82 to 115.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 108.82 to 111.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @99.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 119.99 to 120.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for THO is up. |
| ChartMill Relative Strength | 76.72 | POSITIVE | THO has a high relative strength, it outperformed 76.72% off all stocks 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 | POSITIVE | The current price of THO is above 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) | 63.53 | NEUTRAL | The RSI value for THO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests THO has a positive trend. |
| Stochastics (14,3) | 86.09 | OVERBOUGHT | The high Stochastics value suggests THO may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for THO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.21 | NEUTRAL | The ADX value for THO suggests a possible start of a new trend. |
119.98
+1.48 (+1.25%)
THOR INDUSTRIES INC / THO FAQ
What is the technical rating for THO stock?
ChartMill assigns a technical rating of 8 / 10 to THO.
What is the current trend direction of THOR INDUSTRIES INC (THO) stock?
The current trend direction for THOR INDUSTRIES INC (THO) is Bullish.
What is the RSI signal for THO stock?
THOR INDUSTRIES INC (THO) has an RSI value of 63.5294. This indicates that the stock is currently neutral.
Can you provide the short term momentum for THOR INDUSTRIES INC?
The short term momentum for THOR INDUSTRIES INC (THO) is positive.
What is the buy/sell signal for THOR INDUSTRIES INC (THO) stock?
The buy/sell signal for THOR INDUSTRIES INC (THO) is buy as both the short term and long term trends are positive.