TOOTSIE ROLL INDS (TR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TR - US8905161076 - Common Stock
Taking everything into account, TR scores 0 out of 10 in our technical rating. TR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture 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.
More info and screens
33.71
We found 2 important support areas.
- 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.
3 important resistance areas can be observed.
- Resistance @35.76 from a trend line in the daily time frame.
- A resistance zone ranging from 37.12 to 37.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 33.37 | 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 | MIXED | The current price of TR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.13 | OVERSOLD | The low RSI value suggests TR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests TR has a negative trend. |
| Stochastics (14,3) | 8.03 | OVERSOLD | The low Stochastics value suggests TR may be oversold. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for TR suggests a weak or negative trend. |
35.41
-1.22 (-3.33%)
TOOTSIE ROLL INDS / TR FAQ
What is the ChartMill technical rating of TOOTSIE ROLL INDS (TR) stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
What is the RSI signal for TR stock?
TOOTSIE ROLL INDS (TR) has an RSI value of 27.1268. This indicates that the stock is currently oversold.
Can you provide the support and resistance levels for TOOTSIE ROLL INDS?
TOOTSIE ROLL INDS (TR) has a support level at 35.28 and a resistance level at 35.76. Check the full technical report for our detailed analysis of TR support and resistance levels.