THOMSON REUTERS CORP (TRI) Stock Technical Analysis
NASDAQ:TRI - CA8849038085 - Common Stock
177.61 USD
-0.65 (-0.36%)
177.61 USD
0 (0%)
Overall TRI gets a technical rating of 0 out of 10. 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: 77% of all stocks are doing better.
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.
TRI has an average volume of 1686130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TRI is part of the Professional Services industry. There are 83 other stocks in this industry, TRI did better than 62% of them.
TRI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRI is lagging the market.
Considerably lower volume is observed in the last couple of days.
TRI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 178.00. Right above this resistance zone may be a good entry point.
More info and screens
152.91
194.28
When analyzing the support we can see 2 important areas.
- Support @168.82 from a trend line in the daily time frame.
- A support zone ranging from 154.45 to 159.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 178.00 to 178.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 190.66 to 192.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRI is down. |
| ChartMill Relative Strength | 23.79 | NEGATIVE | TRI has a low relative strength, it was outperformed by 76.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TRI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.76 | NEUTRAL | The RSI value for TRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.03 | POSITIVE | The MACD value suggests TRI has a positive trend. |
| Stochastics (14,3) | 72.51 | NEUTRAL | The Stochastics value for TRI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TRI suggests some volalility. |
| Average Directional Index/ADX (14) | 33.21 | POSITIVE | The high ADX value value for TRI suggests a strong 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)
177.61
-0.65 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.36%
1 Week-0.53%
2 Weeks3.67%
1 Month-11.67%
3 Month-10.59%
6 Month-0.68%
12 Month3.76%
2 Year37.91%
3 Year55.62%
5 Year124.19%
10 Year341.05%
15 Year392%
Volatility
ATR(14)3.26
ATR(20)%2.6%
ATR Inc-13.19%
Range Today2.47
ADR(20)4.4
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.79
Mansfield-0.83
10 Day High179.54
10 Day Low171.64
20 Day High204.07
20 Day Low167.58
52 Week High218.42
52 Week Low151.6
CS1 End168.82
CR1 Start178
Volume & EV
DER(3)0.82%
DER(5)0.33%
Volume1.13M
Volume Incr-29.9%
Vol(5)1.02M
Vol(50)1.69M