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Stronger Sell Today TR ranks #4987 as SELL CANDIDATE #4987 Weaker Sell

TR stock forecast Tootsie Roll Industries Inc

TR stock forecast

Monday June 24, 2019 Change -0.54% Price $36.92
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will TR stock price go up or down on Wed, 26 Jun 2019?

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Tootsie Roll Industries Inc Forecast and Stock Analysis

Technical TR stock analysis for Monday June 24, 2019.

Sell candidate since 2019-06-20 Loss -1.42%


Tootsie Roll Industries Inc fell by -0.54% in the last day ( Monday, 24th Jun 2019 ) from $37.12 to $36.92 and has now fallen 4 days in a row. During day the stock fluctuated 1.65% from a day low at $36.92 to a day high of $37.53. The price has fallen in 7 of the last 10 days and is down by -4.72% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -116 682 shares and in total 82 455 shares bought and sold for approximately $3.04 million.

Quick summary:

  • 30 day high of the TR stock price was $40.21 and low was $36.92.
  • 90 day high was $40.82 and low was $36.64.
  • 52 week high for the Tootsie Roll Industries Inc - $40.82 and low - $27.77.

Trend

Tootsie Roll Industries Inc has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $38.01 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

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Signals

There are few to none technical positive signals at the moment. Tootsie Roll Industries Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $37.66 and $38.79. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday June 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $36.92 Resistance: $37.24

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.61 (1.65%) between high and low. For the last week, the stock has had a daily average volatility of 1.68%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

1.68 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Tootsie Roll Industries Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate Upgraded
Stronger Sell Today TR ranks #4987 as SELL CANDIDATE #4987 Weaker Sell

Will TR stock price go up or down on Wed, 26 Jun 2019?

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