Technical Analysis for TOE - Toro Energy Limited

Grade Last Price % Change Price Change
C 0.500 13.64% 0.060
TOE closed up 13.64 percent on Thursday, March 28, 2024, on 8.66 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%

   Recent Intraday Alerts

Alert Time
Up 5% about 19 hours ago
10 DMA Support about 20 hours ago
Up 3% about 20 hours ago
Rose Above 50 DMA about 20 hours ago
Rose Above Previous Day's High about 20 hours ago

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Profile

Toro Energy Limited Description

Toro Energy Limited is an Australia-based uranium company with project development and exploration portfolio. The Company's principal activities include advancing the development of the Wiluna Uranium project; expansion and improvement of its Joint Ore Reserves Committee (JORC) resource base; exploration and assessment of its tenement portfolio, and review and execution of value-adding uranium acquisitions at corporate and project level. The Company's segments include Project Evaluation, Exploration and Reconciling. The Company's primary focus is on the development of Wiluna uranium project, which is located approximately 30 kilometers south of the town of Wiluna in the northern goldfields of Western Australia. The Wiluna regional resource contains approximately 80.5 million pounds of Triuranium octoxide (U3O8). Its Theseus project is located near Lake Mackay on the Western Australian/Northern Territory border. It also holds exploration interests in Namibia, Africa.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Gold Chemistry Energy Goldfield Uranium Pound Namibia Mining In Western Australia Wiluna Joint Ore Reserves Committee Lake Way Mackay Uranium Mining In Western Australia

Is TOE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.695
52 Week Low 0.009
Average Volume 959,151
200-Day Moving Average 0.184
50-Day Moving Average 0.445
20-Day Moving Average 0.409
10-Day Moving Average 0.429
Average True Range 0.030
RSI (14) 66.33
ADX 15.91
+DI 33.438
-DI 16.309
Chandelier Exit (Long, 3 ATRs) 0.411
Chandelier Exit (Short, 3 ATRs) 0.444
Upper Bollinger Bands 0.466
Lower Bollinger Band 0.352
Percent B (%b) 1.3
BandWidth 27.971
MACD Line 0.006
MACD Signal Line -0.004
MACD Histogram 0.0106
Fundamentals Value
Market Cap 1.48 Billion
Num Shares 2.95 Billion
EPS 0.00
Price-to-Earnings (P/E) Ratio -500.00
Price-to-Sales 0.00
Price-to-Book 6.01
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.613
Resistance 3 (R3) 0.600 0.550 0.594
Resistance 2 (R2) 0.550 0.521 0.556 0.587
Resistance 1 (R1) 0.525 0.504 0.538 0.538 0.581
Pivot Point 0.475 0.475 0.481 0.481 0.475
Support 1 (S1) 0.450 0.446 0.463 0.463 0.419
Support 2 (S2) 0.400 0.429 0.406 0.413
Support 3 (S3) 0.375 0.400 0.406
Support 4 (S4) 0.388