TreeHouse Foods Inc Stock Forecast
TreeHouse Foods Inc stock price ended at £68.00 on Tuesday, after losing 0.730%.
(Updated on Apr 30, 2024)
The TreeHouse Foods Inc stock price fell by -0.730% on the last day (Tuesday, 30th Apr 2024) from £68.50 to £68.00. During the last trading day the stock fluctuated 2.99% from a day low at £67.00 to a day high of £69.00. The price has been going up and down for this period, and there has been a 1.49% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -228 thousand shares and in total, 181 thousand shares were bought and sold for approximately £12.29 million.
The stock lies in the upper part of a very wide and strong rising 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 £68.68 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.58% during the next 3 months and, with a 90% probability hold a price between £65.04 and £82.13 at the end of this 3-month period.
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THS.L Signals & Forecast
The TreeHouse Foods 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 £67.93 and £61.10. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.730%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TreeHouse Foods Inc stock
TreeHouse Foods Inc finds support from accumulated volume at £66.00 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 £2.00 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: £65.21 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (THS.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect TreeHouse Foods Inc to open at £68.00, and during the day (based on 14 day Average True Range), to move between £66.00 and £70.00, which gives a possible trading interval of +/-£2.00 (+/-2.94%) up or down from last closing price. If TreeHouse Foods Inc takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £68.50 (0.74%) than the support at £66.00 (2.94%), 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 TreeHouse Foods Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TreeHouse Foods Inc stock to perform well in the short-term.
Current score: 2.414 Buy Candidate Unchanged
Predicted Opening Price for TreeHouse Foods Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £68.00 ( 0%) | £68.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.00 | 2.94 % | |
| R2 | 69.24 | 1.82 % | ||
| R1 | 68.76 | 1.12 % | ||
| Current price: | 68.00 | |||
| Support | S1 | 67.24 | -1.12 % | |
| S2 | 66.76 | -1.82 % | ||
| S3 | 66.00 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 68.50 | 0.735 % | ||
| Current price | 68.00 | |||
| Support | S1 | 66.00 | -2.94% | |
| S2 | 58.00 | -14.71% | ||
| S3 | 55.00 | -19.12% |
THS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | £0 | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £2.41 | 2.65% |
| 3 | Feb 23, 2023 | Mar 02, 2023 | Mar 15, 2023 | £3.26 | 3.43% |
| 4 | May 26, 2022 | Jun 16, 2022 | Jun 29, 2022 | £2.39 | 2.12% |
| 5 | Feb 24, 2022 | Mar 03, 2022 | Mar 16, 2022 | £3.75 | 2.43% |
FAQ
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