Thomson Reuters Corp Stock Forecast
Evaluation of Thomson Reuters Corp stock downgraded after the last trading session.
(Updated on Apr 16, 2024)
The Thomson Reuters Corp stock price fell by -0.170% on the last day (Tuesday, 16th Apr 2024) from $152.55 to $152.29. During the last trading day the stock fluctuated 0.92% from a day low at $151.82 to a day high of $153.21. The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume has increased on the last day by 4 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, 240 thousand shares were bought and sold for approximately $36.59 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $152.43. A reaction back to this level may hold a second chance to get out before further falls.
TRI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 0.230%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Thomson Reuters Corp 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 $153.35 and $155.72. A break-up above any of these levels will issue buy signals. 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. The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Thomson Reuters Corp stock
Thomson Reuters Corp finds support from accumulated volume at $151.17 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 $1.39 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: $144.43 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (TRI) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Thomson Reuters Corp to open at $152.44, and during the day (based on 14 day Average True Range), to move between $150.09 and $154.49, which gives a possible trading interval of +/-$2.20 (+/-1.45%) up or down from last closing price. If Thomson Reuters Corp takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $151.17 (0.74%) than the resistance at $155.93 (2.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Thomson Reuters Corp stock A Buy?
Thomson Reuters Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.179 Hold/Accumulate Downgraded
Predicted Opening Price for Thomson Reuters Corp of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$152.44 ( 0.0963%) | $152.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 153.83 | 1.01 % | |
R2 | 153.30 | 0.660 % | ||
R1 | 152.97 | 0.445 % | ||
Current price: | 152.29 | |||
Support | S1 | 151.91 | -0.252 % | |
S2 | 151.58 | -0.468 % | ||
S3 | 151.05 | -0.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 157.67 | 3.53 % | |
R2 | 155.95 | 2.40 % | ||
R1 | 155.93 | 2.39 % | ||
Current price | 152.29 | |||
Support | S1 | 151.17 | -0.735% | |
S2 | 150.51 | -1.17% | ||
S3 | 149.09 | -2.10% |
TRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 20, 2024 | Mar 08, 2024 | $0.540 | 0.345% |
2 | Nov 01, 2023 | Nov 15, 2023 | Dec 15, 2023 | $0.490 | 0.353% |
3 | Aug 02, 2023 | Aug 16, 2023 | Sep 15, 2023 | $0.490 | 0.377% |
4 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | $4.85 | 3.63% |
5 | May 02, 2023 | May 17, 2023 | Jun 15, 2023 | $0.490 | 0.382% |
FAQ
Click here for our free guide on how to buy Thomson Reuters Corp Stock.