Thomson Reuters Corp Stock Forecast
Red day on Tuesday for Thomson Reuters Corp stock after losing 0.0838%
(Updated on May 07, 2024)
The Thomson Reuters Corp stock price fell by -0.0838% on the last day (Tuesday, 7th May 2024) from $167.07 to $166.93. During the last trading day the stock fluctuated 1.12% from a day low at $166.18 to a day high of $168.04. The price has been going up and down for this period, and there has been a 8.69% 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 -128 thousand shares and in total, 274 thousand shares were bought and sold for approximately $45.82 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $167.03 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Thomson Reuters Corp stock with a 90% probability to be traded between $147.76 and $164.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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TRI Signals & Forecast
The Thomson Reuters Corp 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 $159.70 and $155.03. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -0.0838%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Thomson Reuters Corp stock
Thomson Reuters Corp finds support from accumulated volume at $162.96 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 $1.86 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: $161.03 (-3.53%) (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 (TRI) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Thomson Reuters Corp to open at $167.05, and during the day (based on 14 day Average True Range), to move between $163.56 and $170.30, which gives a possible trading interval of +/-$3.37 (+/-2.02%) up or down from last closing price. If Thomson Reuters Corp takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $167.07 (0.08%) than the support at $162.96 (2.38%), 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 Thomson Reuters Corp stock A Buy?
Thomson Reuters Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.627 Hold/Accumulate Unchanged
Predicted Opening Price for Thomson Reuters Corp of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$167.05 ( 0.0719%) | $166.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 168.91 | 1.19 % | |
R2 | 168.20 | 0.760 % | ||
R1 | 167.76 | 0.498 % | ||
Current price: | 166.93 | |||
Support | S1 | 166.34 | -0.354 % | |
S2 | 165.90 | -0.617 % | ||
S3 | 165.19 | -1.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 167.07 | 0.0839 % | ||
Current price | 166.93 | |||
Support | S1 | 162.96 | -2.38% | |
S2 | 155.95 | -6.58% | ||
S3 | 155.93 | -6.59% |
TRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 15, 2024 | Jun 10, 2024 | $0.540 | 0.323% |
2 | Feb 08, 2024 | Feb 20, 2024 | Mar 08, 2024 | $0.540 | 0.345% |
3 | Nov 01, 2023 | Nov 15, 2023 | Dec 15, 2023 | $0.490 | 0.353% |
4 | Aug 02, 2023 | Aug 16, 2023 | Sep 15, 2023 | $0.490 | 0.377% |
5 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | $4.85 | 3.63% |
FAQ
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