Thomson Reuters Corporation Stock Forecast
Green day on Wednesday for Thomson Reuters Corporation
(Updated on Mar 27, 2024)
The Thomson Reuters Corporation stock price gained 0.408% on the last trading day (Wednesday, 27th Mar 2024), rising from $210.81 to $211.67. During the last trading day the stock fluctuated 0.791% from a day low at $211.08 to a day high of $212.75. The price has been going up and down for this period, and there has been a 0.44% gain for the last 2 weeks. Volume fell on the last day by -225 thousand shares and in total, 136 thousand shares were bought and sold for approximately $28.85 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $211.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.74% during the next 3 months and, with a 90% probability hold a price between $235.99 and $253.24 at the end of this 3-month period.
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TRI.TO Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Thomson Reuters Corporation 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 $211.98 and $212.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -2.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Thomson Reuters Corporation stock
Thomson Reuters Corporation finds support from accumulated volume at $210.81 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 $1.67 between high and low, or 0.791%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRI.TO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Thomson Reuters Corporation to open at $211.83, and during the day (based on 14 day Average True Range), to move between $208.74 and $214.60, which gives a possible trading interval of +/-$2.93 (+/-1.39%) up or down from last closing price. If Thomson Reuters Corporation takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $210.81 (0.41%) than the resistance at $213.15 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Thomson Reuters Corporation stock A Buy?
The Thomson Reuters Corporation stock holds several negative signals and despite the positive trend, we believe Thomson Reuters Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.516 Sell Candidate Unchanged
Predicted Opening Price for Thomson Reuters Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$211.83 ( 0.0772%) | $211.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRI.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 213.50 | 0.87 % | |
R2 | 212.87 | 0.565 % | ||
R1 | 212.47 | 0.379 % | ||
Current price: | 211.67 | |||
Support | S1 | 211.20 | -0.224 % | |
S2 | 210.80 | -0.410 % | ||
S3 | 210.16 | -0.712 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 214.24 | 1.21 % | |
R2 | 213.34 | 0.789 % | ||
R1 | 213.15 | 0.699 % | ||
Current price | 211.67 | |||
Support | S1 | 210.81 | -0.406% | |
S2 | 209.62 | -0.97% | ||
S3 | 201.14 | -4.97% |
TRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | $6.37 | 3.62% |
2 | May 02, 2023 | May 17, 2023 | Jun 15, 2023 | $0.660 | 0.389% |
3 | Feb 09, 2023 | Feb 22, 2023 | Mar 16, 2023 | $0.663 | 0.390% |
4 | Nov 01, 2022 | Nov 16, 2022 | Dec 15, 2022 | $0.591 | 0.380% |
5 | Feb 02, 2022 | Aug 17, 2022 | Sep 15, 2022 | $0.572 | 0.387% |
FAQ
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