TrueBlue Inc Stock Forecast

Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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TrueBlue Inc stock upgraded to Buy Candidate
(Updated on 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.

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
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