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TrueBlue Inc stock upgraded to Buy Candidate
(Updated on Feb 11, 2025)

Buy candidate since Feb 11, 2025

The TrueBlue Inc stock price gained 2.06% on the last trading day (Tuesday, 11th Feb 2025), rising from $7.27 to $7.42. During the last trading day the stock fluctuated 3.27% from a day low at $7.19 to a day high of $7.42. The price has been going up and down for this period, and there has been a -7.25% loss for the last 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 97 thousand shares were bought and sold for approximately $721.21 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 stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.04% during the next 3 months and, with a 90% probability hold a price between $7.64 and $9.72 at the end of this 3-month period.

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TBI Signals & Forecast

The TrueBlue Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.74 and $7.88. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, February 10, 2025, and so far it has risen 2.06%. 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).

Support, Risk & Stop-loss for TrueBlue Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $7.02 and $6.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TrueBlue Inc finds support just below today's level at $7.02. If this is broken, then the next support from accumulated volume will be at $6.90 and $6.85.

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 $0.235 between high and low, or 3.27%. For the last week the stock has had daily average volatility of 4.55%.

Our recommended stop-loss: $7.06 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (TBI) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect TrueBlue Inc to open at $7.34, and during the day (based on 14 day Average True Range), to move between $7.06 and $7.78, which gives a possible trading interval of +/-$0.356 (+/-4.80%) up or down from last closing price. If TrueBlue Inc takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.02 (5.46%) than the resistance at $7.87 (6.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

TrueBlue Inc will release earnings AMC on Wednesday, February 19, 2025.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for TrueBlue Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.15% in the first trading day after earnings release.

Is TrueBlue Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.361 Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on February 12, 2025 - $7.34 ( 1.06%).

TBI Performance

Trading levels for TBI

Fibonacci Support & Resistance Levels

Level Price
R3 7.58 2.11%
R2 7.49 0.90%
R1 7.43 0.154%
Price 7.42
S1 7.25 -2.27%
S2 7.20 -3.01%
S3 7.11 -4.22%

Accumulated Volume Support & Resistance Levels

Level Price
R3 8.34 12.40%
R2 7.98 7.55%
R1 7.87 6.06%
Price 7.42
S1 7.02 -5.46%
S2 6.90 -7.01%
S3 6.85 -7.68%

FAQ

What is the symbol for TrueBlue Inc Stock and on which exchange is it traded?
The symbol for TrueBlue Inc is TBI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell TrueBlue Inc Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy TrueBlue Inc Stock?
TrueBlue Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TrueBlue Inc Stock.

What's the current price of TrueBlue Inc Stock?
As of the end of day on the Feb 11, 2025, the price of an TrueBlue Inc (TBI) share was $7.42.

What is the 52-week high and low for TrueBlue Inc Stock?
The 52-week high for TrueBlue Inc Stock is $13.61 and the 52-week low is $6.63.

What is the market capitalization of TrueBlue Inc Stock?
As of the Feb 11, 2025, the market capitalization of TrueBlue Inc is 214.893M.

When is the next earnings date for TrueBlue Inc?
The upcoming earnings date for TrueBlue Inc is Feb 19, 2025.
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ABOUT TRUEBLUE INC
TrueBlue
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitalit...
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