Thor Industries Inc Stock Forecast
Thor Industries Inc stock price up 1.26% on Friday
(Updated on May 03, 2024)
The Thor Industries Inc stock price gained 1.26% on the last trading day (Friday, 3rd May 2024), rising from $98.73 to $99.97. During the last trading day the stock fluctuated 1.88% from a day low at $99.81 to a day high of $101.69. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 498 thousand shares were bought and sold for approximately $49.83 million.
The stock lies in the middle of a very 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 -16.73% during the next 3 months and, with a 90% probability hold a price between $73.37 and $94.04 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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THO Signals & Forecast
There are mixed signals in the stock today. The Thor Industries 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 $100.05 and $105.83. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.11%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Thor Industries Inc stock
Thor Industries Inc finds support from accumulated volume at $99.81 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.88 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Thor Industries Inc to open at $100.49, and during the day (based on 14 day Average True Range), to move between $96.97 and $102.97, which gives a possible trading interval of +/-$3.00 (+/-3.00%) up or down from last closing price. If Thor Industries Inc takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $99.81 (0.16%) than the resistance at $103.14 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Thor Industries Inc stock A Buy?
Thor Industries 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.
Current score: -1.824 Sell Candidate Unchanged
Predicted Opening Price for Thor Industries Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $100.49 ( 0.520%) | $99.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.37 | 2.40 % | |
| R2 | 101.65 | 1.68 % | ||
| R1 | 101.21 | 1.24 % | ||
| Current price: | 99.97 | |||
| Support | S1 | 99.77 | -0.198 % | |
| S2 | 99.33 | -0.642 % | ||
| S3 | 98.61 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.04 | 7.07 % | |
| R2 | 106.48 | 6.51 % | ||
| R1 | 103.14 | 3.17 % | ||
| Current price | 99.97 | |||
| Support | S1 | 99.81 | -0.160% | |
| S2 | 98.73 | -1.24% | ||
| S3 | 98.53 | -1.44% |
THO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 08, 2024 | Apr 23, 2024 | $0.480 | 0.464% |
| 2 | Dec 14, 2023 | Dec 27, 2023 | Jan 11, 2024 | $0.480 | 0.418% |
| 3 | Oct 10, 2023 | Oct 31, 2023 | Nov 10, 2023 | $0.480 | 0.526% |
| 4 | Jun 22, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.450 | 0.410% |
| 5 | Mar 28, 2023 | Apr 11, 2023 | Apr 26, 2023 | $0.450 | 0.600% |
FAQ
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