TORO CORP (TORO) Stock Technical Analysis
USA - NASDAQ:TORO - MHY8900D1085 - Common Stock
We assign a technical rating of 8 out of 10 to TORO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
TORO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.58, a Stop Loss order could be placed below this zone.
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3.27
4 important support areas can be observed.
- A support zone ranging from 3.51 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.43 from a horizontal line in the daily time frame.
- Support @3.37 from a trend line in the weekly time frame.
- Support @3.30 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.00 to 4.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.08 from a horizontal line in the daily time frame.
- Resistance @4.17 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 TORO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TORO is neutral. |
| ChartMill Relative Strength | 92.71 | POSITIVE | TORO has a high relative strength, it outperformed 92.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TORO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TORO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TORO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.43 | NEUTRAL | The RSI value for TORO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TORO has a negative trend. |
| Stochastics (14,3) | 52.33 | NEUTRAL | The Stochastics value for TORO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for TORO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for TORO suggests a possible start of a new trend. |
3.85
+0.09 (+2.39%)
TORO CORP / TORO FAQ
What is the technical rating for TORO stock?
ChartMill assigns a technical rating of 8 / 10 to TORO.
What is the trend direction for TORO stock?
The current trend direction for TORO CORP (TORO) is Bullish.
Can you provide the RSI signal for TORO CORP?
TORO CORP (TORO) has an RSI value of 50.426. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TORO CORP?
The MACD indicator for TORO CORP (TORO) has a value of -0.000896784, indicating a bearish trend.
What is the support and resistance level for TORO stock?
TORO CORP (TORO) has a support level at 3.58 and a resistance level at 4. Check the full technical report for our detailed analysis of TORO support and resistance levels.