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 TROX
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Tronox Limited stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 22.36% PDF

The Tronox Limited stock price fell by -2.03% on the last day (Thursday, 28th Mar 2024) from $17.71 to $17.35. During the last trading day the stock fluctuated 3.17% from a day low at $17.34 to a day high of $17.89. The price has been going up and down for this period, and there has been a 6.9% gain for the last 2 weeks. Volume has increased on the last day by 99 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, 908 thousand shares were bought and sold for approximately $15.76 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $17.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 34.19% during the next 3 months and, with a 90% probability hold a price between $20.31 and $23.86 at the end of this 3-month period.

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TROX Signals & Forecast

The Tronox Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.20 and $15.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -2.03%. Further fall is indicated until a new bottom pivot has been found. 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 Tronox Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $15.00 and $14.18. 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, Tronox Limited finds support just below today's level at $15.00. If this is broken, then the next support from accumulated volume will be at $14.18 and $13.88.

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 $0.550 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $16.76 (-3.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (TROX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tronox Limited to open at $17.53, and during the day (based on 14 day Average True Range), to move between $16.81 and $17.89, which gives a possible trading interval of +/-$0.540 (+/-3.11%) up or down from last closing price. If Tronox Limited takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.71 (2.07%) than the support at $15.00 (13.54%), 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 Tronox Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tronox Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.293 Buy Candidate Downgraded

Predicted Opening Price for Tronox Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.53 ( 1.02%) $17.35

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

Trading levels for TROX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.08 4.19 %
R2 17.87 2.98 %
R1 17.74 2.23 %
Current price: 17.35
Support S1 17.32 -0.193 %
S2 17.19 -0.94 %
S3 16.98 -2.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 17.71 2.07 %
Current price 17.35
Support S1 15.00 -13.54%
S2 14.18 -18.27%
S3 13.88 -20.00%

TROX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 01, 2024 Apr 05, 2024 $0.125 0.720%
2 Nov 01, 2023 Nov 10, 2023 Dec 15, 2023 $0.130 0.96%
3 Aug 02, 2023 Aug 11, 2023 Sep 15, 2023 $0.125 0.91%
4 May 03, 2023 May 12, 2023 Jun 16, 2023 $0.125 0.97%
5 Feb 22, 2023 Mar 03, 2023 Apr 06, 2023 $0.125 0.90%

FAQ

What is the symbol for Tronox Limited Stock and on which exchange is it traded?
The symbol for Tronox Limited is TROX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tronox Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tronox Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of Tronox Limited Stock?
As of the end of day on the 2024-03-28, the price of an Tronox Limited (TROX) share was $17.35.

What is the 52-week high and low for Tronox Limited Stock?
The 52-week high for Tronox Limited Stock is $17.89 and the 52-week low is $10.08.

What is the market capitalization of Tronox Limited Stock?
As of the 2024-03-28, the market capitalization of Tronox Limited is 2.72B.

When is the next earnings date for Tronox Limited?
The upcoming earnings date for Tronox Limited is Apr 24, 2024.
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About Tronox Limited

Tronox Limited Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; titanium tetrachloride; and other products. The company's products are use... TROX Profile

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