Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Toronto Stock Exchange / Energy / Oil, Gas & Consumable Fuels
Taking everything into account, TOU scores 8 out of 10 in our technical rating. Although TOU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, TOU also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 69.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.16, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
55.38
We found 3 important support areas.
- A support zone ranging from 66.54 to 69.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.71 to 63.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.94 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 69.74 to 69.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 69.75 | 66.53 | 3.22 (4.62%) | 21.66% |
| An entry @69.75. This is a Buy Stop order right above the resistance zone. | An exit @66.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.22 points, which is 4.62%. | When investing 21.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.