Toll Brothers Inc Stock Forecast
Toll Brothers Inc stock price ended at $117.85 on Monday, after losing 1.97%.
(Updated on Apr 15, 2024)
The Toll Brothers Inc stock price fell by -1.97% on the last day (Monday, 15th Apr 2024) from $120.22 to $117.85. During the last trading day the stock fluctuated 3.59% from a day low at $117.29 to a day high of $121.50. The price has fallen in 7 of the last 10 days and is down by -7.96% for this period. Volume has increased on the last day by 73 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, 1 million shares were bought and sold for approximately $122.26 million.
Given the current short-term trend, the stock is expected to rise 32.98% during the next 3 months and, with a 90% probability hold a price between $156.72 and $179.96 at the end of this 3-month period.
TOL Signals & Forecast
There are few to no technical positive signals at the moment. The Toll Brothers Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $121.56 and $121.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -8.90%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Toll Brothers Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $107.64 and $105.43. 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, Toll Brothers Inc finds support just below today's level at $107.64. If this is broken, then the next support from accumulated volume will be at $105.43 and $103.55.
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 $4.21 (3.59%) between high and low. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOL) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Toll Brothers Inc to open at $118.88, and during the day (based on 14 day Average True Range), to move between $114.43 and $121.27, which gives a possible trading interval of +/-$3.42 (+/-2.90%) up or down from last closing price. If Toll Brothers Inc takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $118.20 (0.30%) than the support at $107.64 (8.66%), 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 Toll Brothers Inc stock A Buy?
The Toll Brothers Inc stock holds several negative signals and despite the positive trend, we believe Toll Brothers Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.467 Sell Candidate Unchanged
Predicted Opening Price for Toll Brothers Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $118.88 ( 0.87%) | $117.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.09 | 4.44 % | |
| R2 | 121.48 | 3.08 % | ||
| R1 | 120.49 | 2.24 % | ||
| Current price: | 117.85 | |||
| Support | S1 | 117.27 | -0.489 % | |
| S2 | 116.28 | -1.33 % | ||
| S3 | 114.67 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.31 | 2.09 % | |
| R2 | 118.58 | 0.619 % | ||
| R1 | 118.20 | 0.297 % | ||
| Current price | 117.85 | |||
| Support | S1 | 107.64 | -8.66% | |
| S2 | 105.43 | -10.54% | ||
| S3 | 103.55 | -12.13% |
TOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 04, 2024 | $0 | 0% |
| 2 | Dec 13, 2023 | Jan 11, 2024 | Jan 26, 2024 | $0.210 | 0.213% |
| 3 | Sep 19, 2023 | Oct 05, 2023 | Oct 20, 2023 | $0.210 | 0.306% |
| 4 | Jun 13, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.210 | 0.267% |
| 5 | Mar 09, 2023 | Apr 05, 2023 | Apr 21, 2023 | $0.210 | 0.340% |
FAQ
Click here for our free guide on how to buy Toll Brothers Inc Stock.
