THOR INDUSTRIES INC (THO) 92.64 +2.23 (+2.47%)
92.64 +2.23 (+2.47%)
US8851601018 - Common Stock - After market: 92.64 0 (0%)
Technical Rating
Overall THO gets a technical rating of 8 out of 10. 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 one of the better performing stocks in the Automobiles industry, it outperforms 85% of 35 stocks in the same industry.
THO is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so THO slightly outperforms the market at the moment.
In the last month THO has a been trading in the 74.09 - 94.46 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that THO is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Statistics
Support/Resistance Analysis
68.73
95.92
When analyzing the support we can see 6 important areas.
- Support @91.86 from a horizontal line in the weekly time frame.
- A support zone ranging from 88.05 to 89.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.91 to 84.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.13 to 77.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.39 from a horizontal line in the daily time frame.
- Support @69.42 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @92.65 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 94.97 to 94.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
Setup Analysis
Setup Rating
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 92.65. Right above this resistance zone may be a good entry point.
Possible Trading Setup
The following trade can be suggested based on the decent technical rating and setup score.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 92.66 | 91.85 | 0.81 (0.87%) | 25.00% |
| An entry @92.66. This is a Buy Stop order right above the resistance zone. | An exit @91.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.81 points, which is 0.87%. | For a 0.22% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of THO. Please evaluate whether better entry and exit points can be found.
- 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.
THOR INDUSTRIES INC92.64
NYSE:THO (1/27/2023, 7:04:00 PM)+2.23 (+2.47%)
| GICS Sector | Consumer Discretionary | ||
| GICS Industry | Automobiles | ||
| Today | 2.47% | 1 Week | 5.21% |
| 2 Weeks | -0.44% | 1 Month | 24.45% |
| 3 Month | 12.14% | 6 Month | 9.85% |
| ATR(14) | 3.88 | ATR(20)% | 3.84% |
| ATR Inc | -13.55% | Range Today | 3.08 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 76.8 | Mansfield | 1.26 |
| 10 Day High | 93.39 | 10 Day Low | 82.18 |
| 20 Day High | 94.46 | 20 Day Low | 74.09 |
| 52 Week High | 100.14 | 52 Week Low | 66.26 |
| CS1 End | 91.86 | CR1 Start | 92.65 |
| DER(3) | 0.77% | DER(5) | 0.67% |
| Volume | 465.10K | Volume Incr | -35.82% |
| Vol(5) | 437.42K | Vol(50) | 698.87K |
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