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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TROX
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Tronox Limited stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)

Hold candidate since Jun 20, 2024 PDF

The Tronox Limited stock price fell by -3.35% on the last day (Thursday, 20th Jun 2024) from $18.82 to $18.19. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.69% from a day low at $18.16 to a day high of $18.83. The price has fallen in 8 of the last 10 days and is down by -9.59% for this period. 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 -290 thousand shares and in total, 681 thousand shares were bought and sold for approximately $12.38 million.

Given the current short-term trend, the stock is expected to rise 20.45% during the next 3 months and, with a 90% probability hold a price between $21.91 and $25.27 at the end of this 3-month period.

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TROX Signals & Forecast

There are few to no technical positive signals at the moment. The Tronox Limited 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 $19.20 and $19.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -10.35%. 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). 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 Tronox Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $17.14 and $17.09. 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, Tronox Limited finds support just below today's level at $17.14. If this is broken, then the next support from accumulated volume will be at $17.09 and $16.08.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.670 (3.69%) between high and low. For the last week, the stock has had daily average volatility of 3.75%.

Our recommended stop-loss: $17.04 (-6.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (TROX) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Tronox Limited to open at $18.39, and during the day (based on 14 day Average True Range), to move between $17.54 and $18.84, which gives a possible trading interval of +/-$0.653 (+/-3.59%) up or down from last closing price. If Tronox Limited takes out the full calculated possible swing range there will be an estimated 7.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.11 (5.06%) than the support at $17.14 (5.77%), 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 Tronox Limited stock A Buy?

Tronox Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.945 Hold/Accumulate Upgraded

Predicted Opening Price for Tronox Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$18.39 ( 1.10%) $18.19

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TROX

Fibonacci Support & Resistance Levels

Level Price
R3 19.06 4.78%
R2 18.80 3.38%
R1 18.65 2.51%
Price 18.19
S1 18.13 -0.308%
S2 17.98 -1.18%
S3 17.72 -2.58%

Accumulated Volume Support & Resistance Levels

Level Price
R3 20.29 11.54%
R2 19.18 5.44%
R1 19.11 5.06%
Price 18.19
S1 17.14 -5.77%
S2 17.09 -6.05%
S3 16.08 -11.60%

TROX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 07, 2024 May 17, 2024 Jun 21, 2024 $0.125 0.688%
2 Mar 01, 2024 Mar 01, 2024 Apr 05, 2024 $0.125 0.737%
3 Nov 01, 2023 Nov 10, 2023 Dec 15, 2023 $0.130 0.96%
4 Aug 02, 2023 Aug 11, 2023 Sep 15, 2023 $0.125 0.91%
5 May 03, 2023 May 12, 2023 Jun 16, 2023 $0.125 0.97%

FAQ

What is the symbol for Tronox Limited Stock and on which exchange is it traded?
The symbol for Tronox Limited is TROX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tronox Limited Stock?
Tronox Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Tronox Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an Tronox Limited (TROX) share was $18.19.

What is the 52-week high and low for Tronox Limited Stock?
The 52-week high for Tronox Limited Stock is $20.70 and the 52-week low is $10.08.

What is the market capitalization of Tronox Limited Stock?
As of the Jun 20, 2024, the market capitalization of Tronox Limited is 2.971B.

When is the next earnings date for Tronox Limited?
The upcoming earnings date for Tronox Limited is Jul 24, 2024.
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About Tronox Limited

Tronox Limited Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; titanium tetrachloride; and other products. The company's products are use... TROX Profile

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