TKR Technical Signal Analysis
TKR have 3 buy signals and 3 sell signals now. The current trend is consolidation starting from 2025-03-07. The total price change during this trend is -3.31%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of TKR over last 5 trading day is $39,978,349.30
3 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.27
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
12.01
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-4.74
Bearish
Momentum (10 days)
MOM_10 < 0
-6.49
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.47
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.27
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
12.01
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
TKR Support and Resistance Level
The support levels for TKR are at 72.58, 70.31, and 66.64, while the resistance levels are at 79.92, 82.19, and 85.86. With the current stock price at 74.51, it is leaning more toward the support levels.
TKR Technical Analysis
Technical Analysis of TKR Stock
Current Price and Trend
As of the latest data, TKR is trading at $74.51, showing a +2.56% increase in the regular market session. The stock has been experiencing a bearish trend, with the price below the 200-day moving average, which is a concerning signal for long-term investors.
Technical Indicators
RSI (14): 40.73
- The Relative Strength Index (RSI) is below 50, indicating bearish momentum. However, it is not yet in oversold territory (below 30), suggesting the stock may still have downside potential.
Stochastic Oscillator (%K: 11.27, %D: 8.41)
- The Stochastic Oscillator is deeply oversold, which could signal a potential short-term bounce or reversal.
MACD (-1.47)
- The MACD line is below the signal line, confirming the bearish trend. However, the MACD histogram is showing a slight divergence, indicating weakening bearish momentum.
Support and Resistance Levels
Fibonacci Support Levels:
- S1: $72.58
- S2: $70.31
- S3: $66.64
Fibonacci Resistance Levels:
- R1: $79.92
- R2: $82.19
- R3: $85.86
The stock is currently approaching the first support level (S1: $72.58). A break below this level could lead to further downside, while a bounce could test the first resistance level (R1: $79.92).
Analyst Sentiment
- Average Analyst Target Price: $89.25 (Ref 1, Ref 2, Ref 3)
- Analysts have a mixed outlook on TKR, with a moderate buy consensus. However, some analysts, like Jim Cramer, have expressed caution due to slowing industries that TKR is exposed to (Ref 3).
Conclusion
Based on the technical analysis, TKR is currently in a bearish trend. While the deeply oversold Stochastic Oscillator suggests a potential short-term bounce, the overall trend remains bearish.
Recommendation:
- Sell TKR at the current price of $74.51, with a target price of $72.58 (S1).
- Set a stop-loss at $77.06 to limit potential losses if the trend reverses.
This recommendation is based on the bearish technical indicators and mixed analyst sentiment.
TKR FAQs
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Is TKR a buy based on overall technical signals summary?
TKR Buy or Sell
TKR has 3 buy signals and 3 sell signals now. Overall the technical rating for TKR is Neutral.
Neutral
Sell
3
Buy
3
TKR Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 74.51 above the SMA_5. In the short term, the stock shows a negative trend with the 74.01 below the SMA_20. In the mid term, the stock shows a positive trend with the 78.34 above the SMA_60. In the long term, the stock shows a negative trend with the 76.74 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about TKR's current trend?What are TKR's key support and resistance levels?