TOOTSIE ROLL INDS (TR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TR - US8905161076 - Common Stock
Taking everything into account, TR scores 1 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.
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 36.38, a Stop Loss order could be placed below this zone.
More info and screens
33.71
3 important support areas can be observed.
- A support zone ranging from 36.33 to 36.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.92 to 35.28. 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 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 | 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 | 56.71 | 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) | 43.51 | NEUTRAL | The RSI value for TR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.86 | NEUTRAL | The Stochastics value for TR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.82 | NEGATIVE | The low ADX value for TR suggests a weak or negative trend. |
37.42
+0.07 (+0.19%)
TOOTSIE ROLL INDS / TR FAQ
What is the ChartMill technical rating of TOOTSIE ROLL INDS (TR) stock?
ChartMill assigns a technical rating of 1 / 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 43.5065. This indicates that the stock is currently neutral.
What is the MACD signal for TR stock?
The MACD indicator for TOOTSIE ROLL INDS (TR) has a value of 0.0254173, indicating a bearish trend.