Taking everything into account, TORO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TORO is showing a nice and steady performance.
Although TORO 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.
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3.47
2 important support areas can be observed.
- Support @3.87 from a trend line in the daily time frame.
- A support zone ranging from 3.50 to 3.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.81 to 5.81. 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 TORO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TORO is up. |
| ChartMill Relative Strength | 95.12 | POSITIVE | TORO has a high relative strength, it outperformed 95.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TORO is above the rising 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) | 66.27 | NEUTRAL | The RSI value for TORO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests TORO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.5 | NEUTRAL | The Stochastics value for TORO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for TORO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.05 | POSITIVE | The high ADX value value for TORO suggests a strong trend. |
5.17
-0.09 (-1.71%)
TORO CORP / TORO FAQ
What is the technical rating for TORO stock?
ChartMill assigns a technical rating of 9 / 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 66.2706. 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 0.149423, indicating a bearish trend.
What is the support and resistance level for TORO stock?
TORO CORP (TORO) has a support level at 3.87 and a resistance level at 5.81. Check the full technical report for our detailed analysis of TORO support and resistance levels.