TOOTSIE ROLL INDS (TR) Technical Analysis
NYSE:TR • US8905161076
Current stock price
TR Technical Rating and Analysis
Overall TR gets a technical rating of 10 out of 10. TR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TR did better than 84% of all other stocks. On top of that, TR also shows a nice and consistent pattern of rising prices.
- TR is one of the better performing stocks in the Food Products industry, it outperforms 81% of 87 stocks in the same industry.
- TR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TR is performing more or less in line with the market.
- In the last month TR has a been trading in the 40.20 - 43.68 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
TR Weekly and Daily overview Charts
TR Setup Rating and Analysis
Besides having an excellent technical rating, TR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 43.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.99, a Stop Loss order could be placed below this zone.
More info and screens
TR Support and Resistance Analysis
33.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 39.55 to 41.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.61 from a trend line in the weekly time frame.
- A support zone ranging from 34.93 to 35.29. 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.
We found 1 important resistance area.
- A resistance zone ranging from 43.56 to 43.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
TR Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for TR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TR is up. |
| ChartMill Relative Strength | 84.28 | POSITIVE | TR has a high relative strength, it outperformed 84.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TR is above the rising 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) | 57.84 | NEUTRAL | The RSI value for TR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests TR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.71 | NEUTRAL | The Stochastics value for TR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 23.53 | NEUTRAL | The ADX value for TR suggests a possible start of a new trend. |
TR Chart- and CandleStick Pattern Analysis
TR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.70 | 40.20 | 3.50 (8.02%) | 12.47% |
| An entry @43.70. This is a Buy Stop order right above the resistance zone. | An exit @40.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.50 points, which is 8.02%. | When investing 12.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TR Technicals: Chart, Performance Metrics, Trend & Indicators
42.4
+0.01 (+0.02%)
TOOTSIE ROLL INDS / TR TA FAQ
What is the ChartMill technical rating of TOOTSIE ROLL INDS (TR) stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for TR stock?
TOOTSIE ROLL INDS (TR) has an RSI value of 57.8397. 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 buy as both the short term and long term trends are positive.
What is the support and resistance level for TR stock?
TOOTSIE ROLL INDS (TR) has a support level at 41.99 and a resistance level at 43.56. Check the full technical report for our detailed analysis of TR support and resistance levels.