TreeHouse Foods Inc Stock Forecast
Red day on Thursday for TreeHouse Foods Inc stock after losing 0.256%
(Updated on Apr 18, 2024)
The TreeHouse Foods Inc stock price fell by -0.256% on the last day (Thursday, 18th Apr 2024) from £66.50 to £66.33. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.513% from a day low at £66.25 to a day high of £66.59. The price has fallen in 6 of the last 10 days but is still up by 4.62% over the past 2 weeks. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 47 thousand shares were bought and sold for approximately £3.12 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £68.58 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.44% during the next 3 months and, with a 90% probability hold a price between £49.47 and £70.25 at the end of this 3-month period.
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THS.L Signals & Forecast
The TreeHouse Foods Inc 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 £66.48. On a fall, the stock will find some support from the long-term average at approximately £56.85. 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 Monday, April 15, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for TreeHouse Foods Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £58.00 and £55.00. 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, TreeHouse Foods Inc finds support just below today's level at £58.00. If this is broken, then the next support from accumulated volume will be at £55.00 and £50.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.340 between high and low, or 0.513%. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: £63.97 (-3.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (THS.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect TreeHouse Foods Inc to open at £66.39, and during the day (based on 14 day Average True Range), to move between £64.07 and £68.59, which gives a possible trading interval of +/-£2.26 (+/-3.40%) up or down from last closing price. If TreeHouse Foods Inc takes out the full calculated possible swing range there will be an estimated 6.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £66.50 (0.26%) than the support at £58.00 (12.56%), 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 TreeHouse Foods Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TreeHouse Foods Inc stock to perform well in the short-term.
Current score: 1.472 Buy Candidate Unchanged
Predicted Opening Price for TreeHouse Foods Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £66.39 ( 0.0905%) | £66.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.73 | 0.603 % | |
| R2 | 66.60 | 0.407 % | ||
| R1 | 66.52 | 0.286 % | ||
| Current price: | 66.33 | |||
| Support | S1 | 66.26 | -0.105 % | |
| S2 | 66.18 | -0.226 % | ||
| S3 | 66.05 | -0.422 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.50 | 3.27 % | |
| R2 | 67.00 | 1.01 % | ||
| R1 | 66.50 | 0.256 % | ||
| Current price | 66.33 | |||
| Support | S1 | 58.00 | -12.56% | |
| S2 | 55.00 | -17.08% | ||
| S3 | 50.00 | -24.62% |
THS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | £0 | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £2.41 | 2.65% |
| 3 | Feb 23, 2023 | Mar 02, 2023 | Mar 15, 2023 | £3.26 | 3.43% |
| 4 | May 26, 2022 | Jun 16, 2022 | Jun 29, 2022 | £2.39 | 2.12% |
| 5 | Feb 24, 2022 | Mar 03, 2022 | Mar 16, 2022 | £3.75 | 2.43% |
FAQ
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