USA - NYSE:TR - US8905161076 - Common Stock
We assign a technical rating of 1 out of 10 to TR. 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.
The technical rating of TR is bad and it also does not present a quality setup 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.
34.57
When analyzing the support we notice one important area.
When analyzing the resistance we notice one important area.
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 TR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TR is down. |
| ChartMill Relative Strength | 60.19 | 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) | DOWN | NEGATIVE | The current price of TR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.5 | OVERSOLD | The low RSI value suggests TR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests TR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.93 | OVERSOLD | The low Stochastics value suggests TR may be oversold. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 31.94 | POSITIVE | The high ADX value value for TR suggests a strong trend. |
35.29
+0.36 (+1.03%)
ChartMill assigns a technical rating of 1 / 10 to TR.
The current trend direction for TOOTSIE ROLL INDS (TR) is Bearish.
TOOTSIE ROLL INDS (TR) has an RSI value of 28.5015. This indicates that the stock is currently oversold.
The MACD indicator for TOOTSIE ROLL INDS (TR) has a value of -0.882678, indicating a bearish trend.