Torrid Holdings Inc. Stock Forecast
Green day on Monday for Torrid Holdings Inc.
(Updated on Apr 22, 2024)
The Torrid Holdings Inc. stock price gained 0.621% on the last trading day (Monday, 22nd Apr 2024), rising from $4.83 to $4.86. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.62% from a day low at $4.68 to a day high of $4.99. The price has risen in 6 of the last 10 days and is up by 6.81% over the past 2 weeks. Volume fell on the last day by -47 thousand shares and in total, 39 thousand shares were bought and sold for approximately $188.17 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $4.67, a level that may pose a second chance to hit a runner. According to fan-theory $6.27 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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CURV Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -0.410%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Torrid Holdings Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.53 and $4.39. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Torrid Holdings Inc. stock
Torrid Holdings Inc. finds support from accumulated volume at $4.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.310 between high and low, or 6.62%. For the last week the stock has had daily average volatility of 9.18%.
Our recommended stop-loss: $4.70 (-3.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (CURV) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Torrid Holdings Inc. to open at $4.84, and during the day (based on 14 day Average True Range), to move between $4.41 and $5.31, which gives a possible trading interval of +/-$0.448 (+/-9.22%) up or down from last closing price. If Torrid Holdings Inc. takes out the full calculated possible swing range there will be an estimated 18.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.88 (0.41%) than the support at $4.68 (3.70%), 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.
Is Torrid Holdings Inc. stock A Buy?
Several short term signals are positive and the break up from the falling indicates a possible shift of trend. We believe prices around the breaking point to be particularly good levels but also believe that the current level will hold a possible good buy level for the short term.
Current score: 1.019 Buy Candidate Unchanged
Predicted Opening Price for Torrid Holdings Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $4.84 ( 0.343%) | $4.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CURV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.15 | 6.04 % | |
| R2 | 5.03 | 3.60 % | ||
| R1 | 4.96 | 2.09 % | ||
| Current price: | 4.86 | |||
| Support | S1 | 4.72 | -2.78 % | |
| S2 | 4.65 | -4.28 % | ||
| S3 | 4.53 | -6.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.07 | 4.32 % | |
| R2 | 4.97 | 2.26 % | ||
| R1 | 4.88 | 0.412 % | ||
| Current price | 4.86 | |||
| Support | S1 | 4.68 | -3.70% | |
| S2 | 4.26 | -12.35% | ||
| S3 | 4.07 | -16.26% |
FAQ
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