Technical Analysis for TORO - Toro Corp.

Grade Last Price % Change Price Change
B 2.69 13.50% 0.32
TORO closed up 13.5 percent on Friday, March 31, 2023, on 3.1 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A N/A Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Pocket Pivot Bullish Swing Setup 13.50%
Volume Surge Other 13.50%
Inside Day Range Contraction 13.50%
Up 3 Days in a Row Strength 13.50%

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Profile

Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus. Toro Corp. is a subsidiary of Castor Maritime Inc.
Classification

Sector: Industrials
Industry: Marine Shipping
Keywords: Crude Oil Petroleum Products Tanker Ships Oil Tanker Seaborne Transportation Services Aframax Handysize

Is TORO 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 19.5
52 Week Low 1.42
Average Volume 3,333,086
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 3.19
10-Day Moving Average 1.80
Average True Range 1.35
RSI 19.35
ADX 0.0
+DI 12.76
-DI 42.89
Chandelier Exit (Long, 3 ATRs) 15.44
Chandelier Exit (Short, 3 ATRs) 5.48
Upper Bollinger Bands 8.75
Lower Bollinger Band -2.37
Percent B (%b) 0.45
BandWidth 348.27
MACD Line -0.70
MACD Signal Line -0.59
MACD Histogram -0.1097
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.89
Resistance 3 (R3) 3.96 3.63 3.69
Resistance 2 (R2) 3.63 3.32 3.60 3.62
Resistance 1 (R1) 3.16 3.14 3.40 3.09 3.56
Pivot Point 2.83 2.83 2.95 2.80 2.83
Support 1 (S1) 2.36 2.52 2.60 2.29 1.82
Support 2 (S2) 2.03 2.34 2.00 1.76
Support 3 (S3) 1.56 2.03 1.69
Support 4 (S4) 1.49