TOOTSIE ROLL INDS (TR) Stock Technical Analysis
USA - NYSE:TR - US8905161076 - Common Stock
Taking everything into account, TR scores 2 out of 10 in our technical rating. 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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
37.00
When analyzing the support we notice one important area.
- A support zone ranging from 37.37 to 37.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 41.88 to 42.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @43.56 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 TR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TR is neutral. |
| ChartMill Relative Strength | 67.98 | 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) | 29.68 | OVERSOLD | The low RSI value suggests TR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests TR has a negative trend. |
| Stochastics (14,3) | 13.75 | OVERSOLD | The low Stochastics value suggests TR may be oversold. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for TR suggests a possible start of a new trend. |
37.46
-2.15 (-5.43%)
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.
Can you provide the trend direction for TOOTSIE ROLL INDS?
The current trend direction for TOOTSIE ROLL INDS (TR) is Bearish.
What is the RSI signal for TOOTSIE ROLL INDS (TR) stock?
TOOTSIE ROLL INDS (TR) has an RSI value of 29.6818. This indicates that the stock is currently oversold.
What is the MACD signal for TR stock?
The MACD indicator for TOOTSIE ROLL INDS (TR) has a value of -0.58848, indicating a bearish trend.