Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 TR
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Tootsie Roll Industries Inc stock price ended at $31.96 on Wednesday, after gaining 0.377%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 25, 2024 Gain 0.88% PDF

The Tootsie Roll Industries Inc stock price gained 0.377% on the last trading day (Wednesday, 27th Mar 2024), rising from $31.84 to $31.96. During the last trading day the stock fluctuated 1.16% from a day low at $31.88 to a day high of $32.25. The price has risen in 6 of the last 10 days but is still down by -0.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately $1.68 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.25% during the next 3 months and, with a 90% probability hold a price between $28.19 and $30.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TR Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tootsie Roll Industries Inc 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 $32.11 and $32.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -4.02%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Tootsie Roll Industries Inc stock

Tootsie Roll Industries Inc finds support from accumulated volume at $31.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.370 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.80%.

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

Trading Expectations (TR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tootsie Roll Industries Inc to open at $32.03, and during the day (based on 14 day Average True Range), to move between $31.30 and $32.62, which gives a possible trading interval of +/-$0.660 (+/-2.07%) up or down from last closing price. If Tootsie Roll Industries Inc takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $31.83 (0.41%) than the resistance at $32.26 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tootsie Roll Industries Inc stock A Buy?

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.

Current score: -1.932 Sell Candidate Unchanged

Predicted Opening Price for Tootsie Roll Industries Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$32.03 ( 0.219%) $31.96

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

Trading levels for TR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 32.40 1.38 %
R2 32.26 0.93 %
R1 32.17 0.661 %
Current price: 31.96
Support S1 31.89 -0.223 %
S2 31.80 -0.496 %
S3 31.66 -0.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 33.12 3.63 %
R2 32.83 2.72 %
R1 32.26 0.94 %
Current price 31.96
Support S1 31.83 -0.407%
S2 31.73 -0.720%
S3 31.43 -1.66%

TR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 05, 2024 Mar 28, 2024 $0.0874 0.273%
2 Dec 05, 2023 Dec 19, 2023 Jan 11, 2024 $0.0900 0.267%
3 Sep 19, 2023 Oct 06, 2023 Oct 19, 2023 $0.0900 0.310%
4 Jun 06, 2023 Jun 16, 2023 Jul 06, 2023 $0.0900 0.272%
5 Feb 21, 2023 Mar 03, 2023 Mar 30, 2023 $0.0900 0.209%

FAQ

What is the symbol for Tootsie Roll Industries Inc Stock and on which exchange is it traded?
The symbol for Tootsie Roll Industries Inc is TR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tootsie Roll Industries Inc Stock?
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.

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

What's the current price of Tootsie Roll Industries Inc Stock?
As of the end of day on the 2024-03-27, the price of an Tootsie Roll Industries Inc (TR) share was $31.96.

What is the 52-week high and low for Tootsie Roll Industries Inc Stock?
The 52-week high for Tootsie Roll Industries Inc Stock is $45.98 and the 52-week low is $29.07.

What is the market capitalization of Tootsie Roll Industries Inc Stock?
As of the 2024-03-27, the market capitalization of Tootsie Roll Industries Inc is 2.239B.

When is the next earnings date for Tootsie Roll Industries Inc?
The upcoming earnings date for Tootsie Roll Industries Inc is Apr 23, 2024.
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About Tootsie Roll Industries Inc

Tootsie Roll Industries Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, a... TR Profile

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