Toro Company (The) Forecast and Stock Analysis
Technical TTC stock analysis for March 15, 2019.
|Shorts||5.47% ( 2019-02-28 )|
Toro Company (The) gained 0.53% in the last trading day, rising from $67.39 to $67.75 The price has fallen in 5 of the last 10 days and is down by -1.2% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.85 million more shares were traded than the day before. In total, 1.29 million shares bought and sold for approximately $87.66 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the TTC stock was $67.75. This is 0.53% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 1.34% from a day low at $67.23 to a day high of $68.13.
30 day high of the TTC stock price was $69.41 and low was $61.66.
90 day high was $69.41 and low was $52.97.
52 week high for the Toro Company (The) - $69.41 and low - $52.97.
Toro Company (The) lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $67.14 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.04% during the next 3 months and, with 90% probability hold a price between $85.29 and $91.44 at the end of this period.
Only positive signals in the chart today. Toro Company (The) holds buy signals from both short- and long-term moving averages. In addition, 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 $67.49 and $64.41. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $63.97 and $59.51.
There is 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, Toro Company (The) finds support just below today's level at $63.97. If this is broken, then the next support from accumulated volume will be at $59.51 and $54.30.
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 $0.90 (1.34%) between high and low. For the last week, the stock has had a daily average volatility of 1.21%.
Our recommended stoploss: $63.46 (-6.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
Toro Company (The) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.