Tesoro Corporation Fund Forecast

Tesoro Corporation fund downgraded to Hold/Accumulate
(Updated on Aug 14, 2017)

TSO Signals & Forecast

The Tesoro Corporation fund 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 $99.53 and $97.12. A breakdown below any of these levels will issue sell signals. 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 Friday, August 11, 2017, and so far it has fallen 0%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Tesoro Corporation fund

On the downside, the fund finds support just below today's level from accumulated volume at $89.46 and $83.25. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Tesoro Corporation finds support just below today's level at $89.46. If this is broken, then the next support from accumulated volume will be at $83.25 and $83.24.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $1.75 between high and low, or 1.79%. For the last week the fund has had daily average volatility of 1.79%.

The Tesoro Corporation fund is extremely overbought on RSI14 (95). This increases the short-term risk substantially.

Our recommended stop-loss: $96.33 (-3.22%) (This fund has low daily movements and this gives low risk. The RSI14 is 95 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (TSO) For The Upcoming Trading Day Of Tuesday 15th

For the upcoming trading day on Tuesday, 15th we expect Tesoro Corporation to open at $99.10, and during the day (based on 14 day Average True Range), to move between $97.90 and $101.16, which gives a possible trading interval of +/-$1.63 (+/-1.64%) up or down from last closing price. If Tesoro Corporation takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $89.46, some $10.07 (10.12%) from the current price of $99.53, our system finds the risk reward attractive.

Is Tesoro Corporation fund A Buy?

Tesoro Corporation 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 fund since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.930 Hold/Accumulate Downgraded

Predicted Opening Price for Tesoro Corporation of Tuesday, August 15, 2017

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