THOMSON REUTERS CORP (TRI.CA) Stock Technical Analysis
TSX:TRI - Toronto Stock Exchange - CA8849038085 - Common Stock - Currency: CAD
Taking everything into account, TRI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TRI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TRI did better than 73% of all other stocks.
TRI is one of the better performing stocks in the Professional Services industry, it outperforms 100% of 5 stocks in the same industry.
TRI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TRI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, TRI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 250.76. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TRI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
214.85
258.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 246.23 to 248.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 235.46 to 239.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 229.64 to 229.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 221.64 to 225.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @217.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 250.76 to 256.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.03
Mansfield0.21
10 Day High256.51
10 Day Low243.22
20 Day High256.51
20 Day Low232.69
52 Week High256.51
52 Week Low204.57
Performance
1 Week-1.29%
2 Weeks-1.04%
1 Month5.8%
3 Month11.25%
6 Month11.5%
12 Month17.18%
2 Year46.17%
3 Year88.48%
5 Year142.26%
10 Year347.03%
15 Year500.53%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.34
RSI(14)58.72
LBB238.44
UBB259.46
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 |
|---|---|---|---|
| 256.09 | 246.22 | 9.87 (3.85%) | 25.00% |
| An entry @256.09. This is a Buy Stop order right above the resistance zone. | An exit @246.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.87 points, which is 3.85%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TSX:TRI (2/21/2025, 7:00:00 PM)
250.58
+0.26 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.1%
1 Week-1.29%
2 Weeks-1.04%
1 Month5.8%
3 Month11.25%
6 Month11.5%
12 Month17.18%
2 Year46.17%
3 Year88.48%
5 Year142.26%
10 Year347.03%
15 Year500.53%
Volatility
ATR(14)6.14
ATR(20)%2.13%
ATR Inc-15.86%
Range Today2.94
ADR(20)5.02
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.03
Mansfield0.21
10 Day High256.51
10 Day Low243.22
20 Day High256.51
20 Day Low232.69
52 Week High256.51
52 Week Low204.57
CS1 End248.51
CR1 Start250.76
Volume & EV
DER(3)3.59%
DER(5)3.89%
Volume434.02K
Volume Incr27.27%
Vol(5)437.29K
Vol(50)310.94K