TORO CO (TTC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TTC • US8910921084
Overall TTC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TTC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- TTC is one of the better performing stocks in the Machinery industry, it outperforms 75% of 132 stocks in the same industry.
- A new 52 week high is currently being made by TTC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TTC has a been trading in the 80.90 - 95.37 range, which is quite wide. It is currently trading near the high of this range.
- TTC has an average volume of 1053180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TTC is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although TTC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
66.68
5 important support areas can be observed.
- Support @87.93 from a horizontal line in the daily time frame.
- Support @77.80 from a horizontal line in the daily time frame.
- Support @75.94 from a horizontal line in the daily time frame.
- Support @70.92 from a trend line in the weekly time frame.
- Support @67.35 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 94.65 to 94.65. 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 TTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TTC is up. |
| ChartMill Relative Strength | 83.53 | POSITIVE | TTC has a high relative strength, it outperformed 83.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.58 | OVERBOUGHT | The high RSI value suggests TTC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TTC has a positive trend. |
| Stochastics (14,3) | 91.77 | OVERBOUGHT | The high Stochastics value suggests TTC may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for TTC suggests low volalility. |
| Average Directional Index/ADX (14) | 56.9 | POSITIVE | The high ADX value value for TTC suggests a strong trend. |
94.64
+1.41 (+1.51%)
TORO CO / TTC FAQ
What is the ChartMill technical rating of TORO CO (TTC) stock?
ChartMill assigns a technical rating of 9 / 10 to TTC.
What is the current trend direction of TORO CO (TTC) stock?
The current trend direction for TORO CO (TTC) is Bullish.
What is the RSI signal for TTC stock?
TORO CO (TTC) has an RSI value of 78.5841. This indicates that the stock is currently overbought.
Can you provide the short term momentum for TORO CO?
The short term momentum for TORO CO (TTC) is positive.
What are the support and resistance levels for TORO CO (TTC) stock?
TORO CO (TTC) has a support level at 87.93 and a resistance level at 94.65. Check the full technical report for our detailed analysis of TTC support and resistance levels.