TORO CORP (TORO) Stock Technical Analysis
NASDAQ:TORO - Nasdaq - MHY8900D1085 - Common Stock - Currency: USD
Taking everything into account, TORO scores 7 out of 10 in our technical rating. TORO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TORO is one of the better performing stocks in the Marine Transportation industry, it outperforms 73% of 35 stocks in the same industry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, TORO turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
TORO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TORO is lagging the market.
In the last month TORO has a been trading in the 1.95 - 3.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TORO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.84
3.03
We found 2 important support areas.
- Support @2.15 from a trend line in the daily time frame.
- Support @1.86 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for TORO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TORO is up. |
| ChartMill Relative Strength | 45.45 | NEUTRAL | TORO is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TORO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.78 | OVERBOUGHT | The high RSI value suggests TORO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TORO has a positive trend. |
| Stochastics (14,3) | 65.9 | NEUTRAL | The Stochastics value for TORO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.09 | HIGH VOLATILITY | The high ATR as a percentage value for TORO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.08 | POSITIVE | The high ADX value value for TORO suggests a strong 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)
3
+0.04 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg1.35%
1 Week33.93%
2 Weeks43.54%
1 Month46.66%
3 Month31.58%
6 Month-3.85%
12 Month-20.63%
2 Year-43.07%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.09%
ATR Inc354.12%
Range Today0.3
ADR(20)0.22
ADR(20)%7.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.45
Mansfield0.02
10 Day High3.37
10 Day Low2.1
20 Day High3.37
20 Day Low1.95
52 Week High4.05
52 Week Low1.7
CS1 End2.15
CR1 StartN/A
Volume & EV
DER(3)-3.44%
DER(5)-3.06%
Volume370.50K
Volume Incr148.3%
Vol(5)1.16M
Vol(50)319.52K