TRI Technical Analysis - THOMSON REUTERS CORP

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to TRI. TRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, TRI is a bad performer in the overall market: 82% of all stocks are doing better.

TRI is one of the lesser performing stocks in the Professional Services industry. 60% of 6 stocks in the same industry do better.

TRI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

TRI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

THOMSON REUTERS CORP / TRI Weekly stock chart

THOMSON REUTERS CORP / TRI Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, TRI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 239.46, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

216.06

249.66

We found 2 important support areas.

A support zone ranging from 230.24 to 239.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 218.24 to 223.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 239.78 to 242.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 246.86 to 247.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for TRI.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TRI.CA is down.
ChartMill Relative Strength	18.19	NEGATIVE	TRI.CA has a low relative strength, it was outperformed by 81.81% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of TRI.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TRI.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of TRI.CA is below the rising SMA(200).
Relative Strength Index/RSI (14)	40.95	NEUTRAL	The RSI value for TRI.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.62	POSITIVE	The MACD value suggests TRI.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	20.56	NEUTRAL	The Stochastics value for TRI.CA is a neutral value.
Average True Range in percent/ATR (20)	1.71	LOW VOLATILITY	The low ATR as a percentage value for TRI.CA suggests low volalility.
Average Directional Index/ADX (14)	25.81	POSITIVE	The high ADX value value for TRI.CA suggests a strong trend.