RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TBLT
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Weaker technical forecast for Toughbuilt as stock downgraded to Strong Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Feb 20, 2024 Loss -23.39% PDF

The Toughbuilt stock price gained 1.71% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.93 to $2.98. During the last trading day the stock fluctuated 4.12% from a day low at $2.91 to a day high of $3.03. The price has been going up and down for this period, and there has been a -16.06% loss for the last 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 14 thousand shares were bought and sold for approximately $41.86 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.81 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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TBLT Signals & Forecast

There are few to no technical positive signals at the moment. The Toughbuilt 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 $3.02 and $3.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 12, 2024, and so far it has fallen -66.04%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Toughbuilt stock

Toughbuilt finds support from accumulated volume at $2.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.120 between high and low, or 4.12%. For the last week the stock has had daily average volatility of 6.00%.

Toughbuilt is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TBLT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Toughbuilt Industries Inc. to open at $2.97, and during the day (based on 14 day Average True Range), to move between $2.66 and $3.30, which gives a possible trading interval of +/-$0.316 (+/-10.61%) up or down from last closing price. If Toughbuilt Industries Inc. takes out the full calculated possible swing range there will be an estimated 21.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.93 (1.68%) than the resistance at $3.25 (9.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Toughbuilt Industries Inc. stock A Buy?

Toughbuilt holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.410 Strong Sell Candidate Downgraded

Predicted Opening Price for Toughbuilt Industries Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.97 ( 0.224%) $2.98

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TBLT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.09 3.80 %
R2 3.05 2.26 %
R1 3.02 1.31 %
Current price: 2.98
Support S1 2.93 -1.76 %
S2 2.90 -2.71 %
S3 2.85 -4.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.72 24.83 %
R2 3.71 24.50 %
R1 3.25 9.06 %
Current price 2.98
Support S1 2.93 -1.68%
S2 2.91 -2.35%
S3 0 .

FAQ

What is the symbol for Toughbuilt Stock and on which exchange is it traded?
The symbol for Toughbuilt is TBLT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Toughbuilt Stock?
Toughbuilt holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

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

What's the current price of Toughbuilt Stock?
As of the end of day on the 2024-03-27, the price of an Toughbuilt (TBLT) share was $2.98.

What is the 52-week high and low for Toughbuilt Stock?
The 52-week high for Toughbuilt Stock is $10.13 and the 52-week low is $0.132.

What is the market capitalization of Toughbuilt Stock?
As of the 2024-03-27, the market capitalization of Toughbuilt is 2.269M.

When is the next earnings date for Toughbuilt?
The upcoming earnings date for Toughbuilt is Mar 27, 2024.
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About Toughbuilt Industries Inc.

Toughbuilt ToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, roller stands, ... TBLT Profile

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