TOOTSIE ROLL INDS (TR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TR - US8905161076 - Common Stock
Overall TR gets a technical rating of 2 out of 10. TR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
TR has a bad technical rating, but it does show 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 35.56, a Stop Loss order could be placed below this zone.
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33.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.92 to 35.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.05 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 37.06 to 37.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.38 to 39.96. 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 TR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TR is down. |
| ChartMill Relative Strength | 49.85 | NEUTRAL | TR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.34 | NEUTRAL | The RSI value for TR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.21 | NEUTRAL | The Stochastics value for TR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.38 | NEGATIVE | The low ADX value for TR suggests a weak or negative trend. |
36.7
-0.13 (-0.35%)
TOOTSIE ROLL INDS / TR FAQ
What is the ChartMill technical rating of TOOTSIE ROLL INDS (TR) stock?
ChartMill assigns a technical rating of 2 / 10 to TR.
What is the current trend direction of TOOTSIE ROLL INDS (TR) stock?
The current trend direction for TOOTSIE ROLL INDS (TR) is Bearish.
What is the RSI signal for TR stock?
TOOTSIE ROLL INDS (TR) has an RSI value of 45.3439. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TOOTSIE ROLL INDS?
The buy/sell signal for TOOTSIE ROLL INDS (TR) is sell as both the short term and long term trends are negative.
What is the support and resistance level for TR stock?
TOOTSIE ROLL INDS (TR) has a support level at 35.56 and a resistance level at 37.06. Check the full technical report for our detailed analysis of TR support and resistance levels.