TOOTSIE ROLL INDS (TR) Stock Technical Analysis
NYSE:TR - New York Stock Exchange, Inc. - US8905161076 - Common Stock - Currency: USD
Taking everything into account, TR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TR is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that TR is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by TR over the past year are nicely spread over this period.
TR is one of the better performing stocks in the Food Products industry, it outperforms 77% of 91 stocks in the same industry.
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 - 35.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.62, a Stop Loss order could be placed below this zone.
More info and screens
27.87
36.40
6 important support areas can be observed.
- A support zone ranging from 33.24 to 34.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.07 from a trend line in the weekly time frame.
- Support @31.41 from a horizontal line in the daily time frame.
- Support @30.53 from a trend line in the daily time frame.
- A support zone ranging from 29.47 to 29.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for TR is neutral. |
| ChartMill Relative Strength | 72.61 | POSITIVE | TR has a high relative strength, it outperformed 72.61% 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) | 54.11 | NEUTRAL | The RSI value for TR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.02 | NEUTRAL | The Stochastics value for TR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for TR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.75 | 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)
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 |
|---|---|---|---|
| 36.05 | 33.23 | 2.82 (7.82%) | 12.78% |
| An entry @36.05. This is a Buy Stop order right above the resistance zone. | An exit @33.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.82 points, which is 7.82%. | For a 1.00% total portfolio risk, you can invest 12.78% of your capital in this trade. |
- 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.
34.77
+0.09 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.26%
1 Week-1.97%
2 Weeks3.39%
1 Month3.51%
3 Month12.31%
6 Month17.54%
12 Month20.26%
2 Year5.82%
3 Year8.18%
5 Year23.45%
10 Year24.14%
15 Year59.76%
Volatility
ATR(14)0.92
ATR(20)%2.44%
ATR Inc26.06%
Range Today1
ADR(20)0.84
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.61
Mansfield0.33
10 Day High35.71
10 Day Low33.02
20 Day High35.71
20 Day Low32.7
52 Week High36.25
52 Week Low26.78
CS1 End34.62
CR1 Start35.66
Volume & EV
DER(3)0.96%
DER(5)0.31%
Volume146.30K
Volume Incr-42.67%
Vol(5)190.50K
Vol(50)226.70K