Treehouse Foods Inc Stock Forecast
Weaker technical forecast for Treehouse Foods Inc as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
The Treehouse Foods Inc stock price fell by -0.98% on the last day (Friday, 3rd May 2024) from $37.63 to $37.26. During the last trading day the stock fluctuated 2.42% from a day low at $37.25 to a day high of $38.15. The price has been going up and down for this period, and there has been a 1.42% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -148 thousand shares and in total, 460 thousand shares were bought and sold for approximately $17.13 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.14% during the next 3 months and, with a 90% probability hold a price between $30.19 and $36.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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THS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 5.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Treehouse Foods Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $37.32. On a fall, the stock will find some support from the short-term average at $37.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Treehouse Foods Inc stock
Treehouse Foods Inc finds support from accumulated volume at $36.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.90 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 2.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Treehouse Foods Inc to open at $37.55, and during the day (based on 14 day Average True Range), to move between $36.40 and $38.12, which gives a possible trading interval of +/-$0.86 (+/-2.30%) up or down from last closing price. If Treehouse Foods Inc takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.34 (0.21%) than the support at $36.74 (1.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Treehouse Foods Inc will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for Treehouse Foods Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.84% in the first trading day after earnings release.
Is Treehouse Foods Inc stock A Buy?
Treehouse Foods Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.869 Sell Candidate Downgraded
Predicted Opening Price for Treehouse Foods Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $37.55 ( 0.787%) | $37.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.45 | 3.20 % | |
| R2 | 38.11 | 2.28 % | ||
| R1 | 37.90 | 1.71 % | ||
| Current price: | 37.26 | |||
| Support | S1 | 37.21 | -0.135 % | |
| S2 | 37.00 | -0.705 % | ||
| S3 | 36.65 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.99 | 4.64 % | |
| R2 | 38.00 | 1.99 % | ||
| R1 | 37.34 | 0.215 % | ||
| Current price | 37.26 | |||
| Support | S1 | 36.74 | -1.40% | |
| S2 | 36.65 | -1.64% | ||
| S3 | 36.12 | -3.06% |
FAQ
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