Toll Brothers Inc Stock Forecast
Toll Brothers Inc stock price ended at $118.70 on Wednesday, after losing 0.686%.
(Updated on Apr 24, 2024)
The Toll Brothers Inc stock price fell by -0.686% on the last day (Wednesday, 24th Apr 2024) from $119.52 to $118.70. During the last trading day the stock fluctuated 3.82% from a day low at $117.19 to a day high of $121.67. The price has fallen in 7 of the last 10 days but is still up by 0.1% 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 -566 thousand shares and in total, 800 thousand shares were bought and sold for approximately $94.96 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.20% during the next 3 months and, with a 90% probability hold a price between $139.78 and $168.60 at the end of this 3-month period.
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TOL Signals & Forecast
There are mixed signals in the stock today. The Toll Brothers Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $121.29. On a fall, the stock will find some support from the short-term average at $115.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -8.25%. 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 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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.48 between high and low, or 3.82%. For the last week, the stock has had daily average volatility of 3.53%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Toll Brothers Inc to open at $119.19, and during the day (based on 14 day Average True Range), to move between $115.03 and $122.37, which gives a possible trading interval of +/-$3.67 (+/-3.09%) up or down from last closing price. If Toll Brothers Inc takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $120.31 (1.36%) than the support at $107.64 (9.32%), 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?
Toll Brothers Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.835 Sell Candidate Unchanged
Predicted Opening Price for Toll Brothers Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$119.19 ( 0.409%) | $118.70 |
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 | 123.66 | 4.18 % | |
R2 | 121.95 | 2.74 % | ||
R1 | 120.89 | 1.85 % | ||
Current price: | 118.70 | |||
Support | S1 | 117.48 | -1.03 % | |
S2 | 116.42 | -1.92 % | ||
S3 | 114.71 | -3.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 124.19 | 4.63 % | |
R2 | 122.17 | 2.92 % | ||
R1 | 120.31 | 1.36 % | ||
Current price | 118.70 | |||
Support | S1 | 107.64 | -9.32% | |
S2 | 105.43 | -11.18% | ||
S3 | 103.55 | -12.76% |
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
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