RSI low/high Values: [ 25 - 75 ]
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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

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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


# Declaration Date 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

What is the symbol for Thomson Reuters Corp Stock and on which exchange is it traded?
The symbol for Thomson Reuters Corp is TRI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Thomson Reuters Corp Stock?
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.

How to buy Thomson Reuters Corp Stock?
Thomson Reuters Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Thomson Reuters Corp Stock.

What's the current price of Thomson Reuters Corp Stock?
As of the end of day on the Nov 13, 2024, the price of an Thomson Reuters Corp (TRI) share was $168.42.

What is the 52-week high and low for Thomson Reuters Corp Stock?
The 52-week high for Thomson Reuters Corp Stock is $176.01 and the 52-week low is $132.93.

What is the market capitalization of Thomson Reuters Corp Stock?
As of the Nov 13, 2024, the market capitalization of Thomson Reuters Corp is 76.159B.

When is the next earnings date for Thomson Reuters Corp?
The upcoming earnings date for Thomson Reuters Corp is Feb 13, 2025.
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ABOUT THOMSON REUTERS CORP
Thomson Reuters
Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to l...
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