Thor Industries Stock Technical Analysis

THO Stock  USD 90.41  0.25  0.28%   
As of the 26th of January, Thor Industries has the Semi Deviation of 2.64, coefficient of variation of 961.27, and Risk Adjusted Performance of 0.1223. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Thor Industries, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for Thor Industries, which can be compared to its competition. Please validate Thor Industries variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Thor Industries is priced more or less accurately, providing market reflects its prevalent price of 90.41 per share. Given that Thor Industries has jensen alpha of 2.0E-4, we advise you to double-check Thor Industries's current market performance to make sure the company can sustain itself at a future point.
  

Thor Industries Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Thor Industries, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Thor Industries
Thor Industries' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Thor Industries Analyst Consensus

Target PriceAdvice# of Analysts
137.8Hold5Odds
Thor Industries current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Thor Industries analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Thor Industries stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Thor Industries, talking to its executives and customers, or listening to Thor Industries conference calls.
Thor Industries Analyst Advice Details
Thor Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Thor Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Thor Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Thor Industries Technical Analysis

Indicator
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The output start index for this execution was fifty with a total number of output elements of eleven. The Normalized Average True Range is used to analyze tradable apportunities for Thor Industries across different markets.
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Thor Industries Trend Analysis

Use this graph to draw trend lines for Thor Industries. You can use it to identify possible trend reversals for Thor Industries as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Thor Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Thor Industries Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Thor Industries applied against its price change over selected period. The best fit line has a slop of   0.08  , which may imply that Thor Industries will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 244.51, which is the sum of squared deviations for the predicted Thor Industries price change compared to its average price change.

About Thor Industries Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Thor Industries on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Thor Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Thor Industries price pattern first instead of the macroeconomic environment surrounding Thor Industries. By analyzing Thor Industries's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Thor Industries's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Thor Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2020 2021 2022 (projected)
Long Term Debt to Equity0.550.490.44
Interest Coverage9.7117.0119.56

Thor Industries January 26, 2023 Technical Indicators

Most technical analysis of Thor Industries help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Thor Industries from various momentum indicators to cycle indicators. When you analyze Thor Industries charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Thor Industries January 26, 2023 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Thor Industries stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, take a look at World Market Map. Note that the Thor Industries information on this page should be used as a complementary analysis to other Thor Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Thor Industries Stock analysis

When running Thor Industries price analysis, check to measure Thor Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.
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Is Thor Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thor Industries. If investors know Thor Industries will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thor Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.42) 
Market Capitalization
4.8 B
Quarterly Revenue Growth
(0.21) 
Return On Assets
0.1176
Return On Equity
0.304
The market value of Thor Industries is measured differently than its book value, which is the value of Thor Industries that is recorded on the company's balance sheet. Investors also form their own opinion of Thor Industries' value that differs from its market value or its book value, called intrinsic value, which is Thor Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thor Industries' market value can be influenced by many factors that don't directly affect Thor Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Thor Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thor Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.