Toll Brothers Inc Stock Forecast
Red day on Tuesday for Toll Brothers Inc stock after losing 1.00%
(Updated on Jul 02, 2024)
The Toll Brothers Inc stock price fell by -1.00% on the last day (Tuesday, 2nd Jul 2024) from $112.33 to $111.21. During the last trading day the stock fluctuated 1.87% from a day low at $109.31 to a day high of $111.35. The price has fallen in 6 of the last 10 days and is down by -7.61% for this period. Volume has increased on the last day by 279 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $175.79 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $108.62 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.25% during the next 3 months and, with a 90% probability hold a price between $105.09 and $128.31 at the end of this 3-month period.
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TOL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Toll Brothers 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 $114.86 and $120.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -17.57%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Toll Brothers Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.04 (1.87%) between high and low. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Toll Brothers Inc to open at $110.62, and during the day (based on 14 day Average True Range), to move between $107.96 and $114.46, which gives a possible trading interval of +/-$3.25 (+/-2.92%) up or down from last closing price. If Toll Brothers Inc takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $115.68, some $4.47 (4.02%) from the current price of $111.21, our system finds the risk reward not very attractive.
Is Toll Brothers Inc stock A Buy?
Toll Brothers Inc holds several negative signals and is within a 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.
Current score: -3.295 Sell Candidate Unchanged
Predicted Opening Price for Toll Brothers Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $110.62 ( 0.528%) | $111.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 112.66 | 1.31% |
| R2 | 111.88 | 0.606% |
| R1 | 111.40 | 0.173% |
| Price | 111.21 | |
| S1 | 109.84 | -1.23% |
| S2 | 109.36 | -1.66% |
| S3 | 108.58 | -2.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 119.52 | 7.47% |
| R2 | 119.20 | 7.18% |
| R1 | 115.68 | 4.02% |
| Price | 111.21 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
TOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2024 | Jul 05, 2024 | Jul 19, 2024 | $0.230 | 0.207% |
| 2 | Mar 12, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.230 | 0.205% |
| 3 | Dec 13, 2023 | Jan 11, 2024 | Jan 26, 2024 | $0.210 | 0.213% |
| 4 | Sep 19, 2023 | Oct 05, 2023 | Oct 20, 2023 | $0.210 | 0.306% |
| 5 | Jun 13, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.210 | 0.267% |
FAQ
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