TOOTSIE ROLL INDS (TR) Stock Technical Analysis
NYSE:TR - New York Stock Exchange, Inc. - US8905161076 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to TR. Although TR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
TR is part of the Food Products industry. There are 91 other stocks in this industry. TR outperforms 78% of them.
TR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TR is lagging the market slightly.
In the last month TR has a been trading in the 32.70 - 35.47 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, TR turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
Volume is considerably higher in the last couple of days.
Although TR has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
27.87
36.40
When analyzing the support we can see 6 important areas.
- A support zone ranging from 33.23 to 34.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.98 from a trend line in the weekly time frame.
- Support @31.41 from a horizontal line in the daily time frame.
- A support zone ranging from 30.46 to 30.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.47 to 29.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.15 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.66 to 36.04. 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 | 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 | 69.75 | NEUTRAL | TR is not amongst the best or worst performers 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) | 62.94 | NEUTRAL | The RSI value for TR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TR has a positive trend. |
| Stochastics (14,3) | 95.48 | OVERBOUGHT | The high Stochastics value suggests TR may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.49 | NEGATIVE | The low ADX value for TR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
35.47
+0.19 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.54%
1 Week5.47%
2 Weeks4.85%
1 Month1.11%
3 Month15.95%
6 Month12.24%
12 Month21.42%
2 Year7.95%
3 Year10.36%
5 Year25.94%
10 Year26.64%
15 Year62.98%
Volatility
ATR(14)0.79
ATR(20)%2.25%
ATR Inc10.32%
Range Today0.81
ADR(20)0.79
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.75
Mansfield0.53
10 Day High35.47
10 Day Low33.02
20 Day High35.47
20 Day Low32.7
52 Week High36.25
52 Week Low26.78
CS1 End34.26
CR1 Start35.66
Volume & EV
DER(3)1.99%
DER(5)0.51%
Volume130.90K
Volume Incr325.05%
Vol(5)756.82K
Vol(50)217.62K