THOR INDUSTRIES INC (THO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THO - US8851601018 - Common Stock
We assign a technical rating of 7 out of 10 to THO. 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.
Besides having an excellent technical rating, THO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 108.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.56, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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95.07
4 important support areas can be observed.
- A support zone ranging from 103.61 to 104.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @100.80 from a trend line in the daily time frame.
- Support @98.65 from a horizontal line in the weekly time frame.
- Support @96.03 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 108.95 to 109.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 111.67 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 | UP | POSITIVE | The short term trend for THO is up. |
| ChartMill Relative Strength | 58.38 | 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 | 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) | 55.06 | NEUTRAL | The RSI value for THO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests THO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.15 | OVERBOUGHT | The high Stochastics value suggests THO may be overbought. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for THO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.49 | NEGATIVE | The low ADX value for THO suggests a weak or negative trend. |
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 | 103.60 | 5.62 (5.15%) | 19.43% |
| An entry @109.22. This is a Buy Stop order right above the resistance zone. | An exit @103.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.62 points, which is 5.15%. | When investing 19.43% 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.
106.17
-0.19 (-0.18%)
THOR INDUSTRIES INC / THO FAQ
What is the technical rating for THO stock?
ChartMill assigns a technical rating of 7 / 10 to THO.
Can you provide the trend direction for THOR INDUSTRIES INC?
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 55.0635. This indicates that the stock is currently neutral.
What is the MACD signal for THO stock?
The MACD indicator for THOR INDUSTRIES INC (THO) has a value of 0.310616, indicating a bearish trend.
Can you provide the support and resistance levels for THOR INDUSTRIES INC?
THOR INDUSTRIES INC (THO) has a support level at 104.56 and a resistance level at 108.95. Check the full technical report for our detailed analysis of THO support and resistance levels.