TORO CORP (TORO) Stock Technical Analysis
NASDAQ:TORO - Nasdaq - MHY8900D1085 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to TORO. In the past year, TORO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, TORO is a bad performer in the overall market: 93% of all stocks are doing better.
TORO is one of the lesser performing stocks in the Marine Transportation industry. 67% of 32 stocks in the same industry do better.
TORO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TORO is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month TORO has a been trading in the 1.77 - 2.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TORO has a poor technical rating and the quality of the setup is also only medium 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
1.79
3.05
When analyzing the support we notice one important area.
- A support zone ranging from 1.81 to 1.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.98 to 3.02. 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 | DOWN | NEGATIVE | The long term trend for TORO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TORO is up. |
| ChartMill Relative Strength | 7.17 | NEGATIVE | TORO has a low relative strength, it was outperformed by 92.83% 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) | DOWN | NEGATIVE | The current price of TORO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TORO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.26 | NEUTRAL | The RSI value for TORO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TORO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.93 | NEUTRAL | The Stochastics value for TORO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for TORO suggests high volalility. |
| Average Directional Index/ADX (14) | 18.45 | NEGATIVE | The low ADX value for TORO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg0%
1 Week7.53%
2 Weeks7.53%
1 Month4.17%
3 Month-21.26%
6 Month-14.16%
12 Month-53.6%
2 Year-47.37%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%5.75%
ATR Inc23.5%
Range Today0.06
ADR(20)0.11
ADR(20)%5.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.17
Mansfield-3.46
10 Day High2.19
10 Day Low1.8
20 Day High2.19
20 Day Low1.77
52 Week High4.35
52 Week Low1.7
CS1 End1.82
CR1 Start2.18
Volume & EV
DER(3)5.32%
DER(5)5.4%
Volume16.10K
Volume Incr-35.91%
Vol(5)22.56K
Vol(50)43.60K