Technical Analysis for TOE - Toro Energy Limited

Grade Last Price % Change Price Change
D 0.270 5.88% 0.015
TOE closed down 12.07 percent on Thursday, November 14, 2024, on 26 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Nov 29
*** please verify all earnings dates ***
5 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 5.88%
New Downtrend Bearish 5.88%
180 Bearish Setup Bearish Swing Setup 5.88%
Wide Bands Range Expansion 5.88%
Below Lower BB Weakness 5.88%
Gapped Down Weakness 5.88%
Lower Bollinger Band Touch Weakness 5.88%
Oversold Stochastic Weakness 5.88%
Oversold Stochastic Weakness -6.90%
Outside Day Range Expansion -1.82%

   Recent Intraday Alerts

Alert Time
Rose Above 50 DMA about 3 hours ago
50 DMA Resistance about 3 hours ago
Up 5% about 3 hours ago
Up 2% about 3 hours ago
Up 3% about 3 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 1,080,151
200-Day Moving Average 0.347
50-Day Moving Average 0.266
20-Day Moving Average 0.301
10-Day Moving Average 0.298
Average True Range 0.026
RSI (14) 43.18
ADX 26.38
+DI 16.161
-DI 19.579
Chandelier Exit (Long, 3 ATRs) 0.277
Chandelier Exit (Short, 3 ATRs) 0.333
Upper Bollinger Bands 0.347
Lower Bollinger Band 0.256
Percent B (%b) -0.01
BandWidth 30.202
MACD Line 0.002
MACD Signal Line 0.010
MACD Histogram -0.0077
Fundamentals Value
Market Cap 753.23 Million
Num Shares 2.95 Billion
EPS 0.00
Price-to-Earnings (P/E) Ratio -255.00
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) 0.300
Resistance 3 (R3) 0.305 0.295 0.293
Resistance 2 (R2) 0.295 0.284 0.293 0.290
Resistance 1 (R1) 0.275 0.276 0.270 0.270 0.287
Pivot Point 0.265 0.265 0.263 0.263 0.265
Support 1 (S1) 0.245 0.254 0.240 0.240 0.223
Support 2 (S2) 0.235 0.246 0.233 0.220
Support 3 (S3) 0.215 0.235 0.218
Support 4 (S4) 0.210