Thomson Reuters Corp Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
|
Risk Assessment |
|
Trading Strategy |
|
Thomson Reuters Corp stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session
(Updated on Nov 13, 2024)
Buy or Hold candidate since Nov 05, 2024
Loss -1.62%
The Thomson Reuters Corp stock price fell by -0.661% on the last day (Wednesday, 13th Nov 2024) from $169.54 to $168.42. During the last trading day the stock fluctuated 1.11% from a day low at $168.14 to a day high of $170.00. The price has risen in 6 of the last 10 days and is up by 1.13% over the past 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 -65 thousand shares and in total, 189 thousand shares were bought and sold for approximately $31.78 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Thomson Reuters Corp stock with a 90% probability to be traded between $163.12 and $172.94 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
TRI Signals & Forecast
The Thomson Reuters Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $168.75. On a fall, the stock will find some support from the long-term average at approximately $167.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, November 05, 2024, and so far it has fallen -1.62%. 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.
Support, Risk & Stop-loss for Thomson Reuters Corp stock
Thomson Reuters Corp finds support from accumulated volume at $168.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.86 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: $161.05 (-4.37%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (TRI) For The Upcoming Trading Day Of Thursday 14th
For the upcoming trading day on Thursday, 14th we expect Thomson Reuters Corp to open at $168.85, and during the day (based on 14 day Average True Range), to move between $165.81 and $171.03, which gives a possible trading interval of +/-$2.61 (+/-1.55%) up or down from last closing price. If Thomson Reuters Corp takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $168.60 (0.11%) than the support at $168.02 (0.24%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.629 Hold/Accumulate Downgraded
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Predicted Fair Opening Price
Predicted fair opening price on November 14, 2024 - $168.85 ( 0.257%).Trading levels for TRI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 170.71 | 1.36% |
R2 | 170.00 | 0.94% |
R1 | 169.56 | 0.679% |
Price | 168.42 | |
S1 | 168.14 | -0.165% |
S2 | 167.70 | -0.425% |
S3 | 166.99 | -0.85% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 171.20 | 1.65% |
R2 | 169.46 | 0.618% |
R1 | 168.60 | 0.107% |
Price | 168.42 | |
S1 | 168.02 | -0.238% |
S2 | 166.30 | -1.26% |
S3 | 165.76 | -1.58% |
TRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 05, 2024 | Nov 21, 2024 | Dec 10, 2024 | $0.540 | 0.321% |
2 | Aug 01, 2024 | Aug 15, 2024 | Sep 10, 2024 | $0.150 | 0.0875% |
3 | May 02, 2024 | May 15, 2024 | Jun 10, 2024 | $0.540 | 0.316% |
4 | Feb 08, 2024 | Feb 20, 2024 | Mar 08, 2024 | $0.540 | 0.345% |
5 | Nov 01, 2023 | Nov 15, 2023 | Dec 15, 2023 | $0.490 | 0.353% |
FAQ
Click here for our free guide on how to buy Thomson Reuters Corp Stock.