Toll Brothers Inc Stock Forecast
Toll Brothers Inc stock price ended at $119.52 on Wednesday, after gaining 0.344%.
(Updated on May 01, 2024)
The Toll Brothers Inc stock price gained 0.344% on the last trading day (Wednesday, 1st May 2024), rising from $119.11 to $119.52. During the last trading day the stock fluctuated 4.67% from a day low at $117.94 to a day high of $123.45. The price has been going up and down for this period, and there has been a 5.38% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 671 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $154.23 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.93% during the next 3 months and, with a 90% probability hold a price between $134.24 and $160.00 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $121.22. On a fall, the stock will find some support from the short-term average at $119.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.61%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Toll Brothers Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $107.64 and $105.43. 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, Toll Brothers Inc finds support just below today's level at $107.64. If this is broken, then the next support from accumulated volume will be at $105.43 and $103.55.
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 $5.51 between high and low, or 4.67%. For the last week, the stock has had daily average volatility of 2.81%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Toll Brothers Inc to open at $120.30, and during the day (based on 14 day Average True Range), to move between $115.81 and $123.23, which gives a possible trading interval of +/-$3.71 (+/-3.11%) up or down from last closing price. If Toll Brothers Inc takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $120.22 (0.59%) than the support at $107.64 (9.94%), 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 Toll Brothers Inc stock A Buy?
Toll Brothers 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: -1.513 Sell Candidate Unchanged
Predicted Opening Price for Toll Brothers Inc of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$120.30 ( 0.655%) | $119.52 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 125.81 | 5.27 % | |
R2 | 123.71 | 3.50 % | ||
R1 | 122.41 | 2.42 % | ||
Current price: | 119.52 | |||
Support | S1 | 118.20 | -1.11 % | |
S2 | 116.90 | -2.19 % | ||
S3 | 114.79 | -3.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 122.17 | 2.22 % | |
R2 | 120.31 | 0.661 % | ||
R1 | 120.22 | 0.586 % | ||
Current price | 119.52 | |||
Support | S1 | 107.64 | -9.94% | |
S2 | 105.43 | -11.79% | ||
S3 | 103.55 | -13.36% |
TOL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | Apr 04, 2024 | Apr 04, 2024 | $0 | 0% |
2 | Dec 13, 2023 | Jan 11, 2024 | Jan 26, 2024 | $0.210 | 0.213% |
3 | Sep 19, 2023 | Oct 05, 2023 | Oct 20, 2023 | $0.210 | 0.306% |
4 | Jun 13, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.210 | 0.267% |
5 | Mar 09, 2023 | Apr 05, 2023 | Apr 21, 2023 | $0.210 | 0.340% |
FAQ
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