Tronox Holdings plc (TROX): Price Now Near $23.25; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for TROX

At the time of this writing, TROX (Get Ratings)’s price is down $-0.03 (-0.13%) from the hour prior. TROX has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Chemicals stocks, TROX ranks 8th in regards to today’s price percentage change.

TROX’s Technical Outlook on the Daily Chart

At the moment, TROX’s price is up $0.67 (2.94%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as TROX has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Tronox Holdings plc’s price action over the past 90 days can be seen via the chart below.



TROX: Daily RSI Analysis

  • TROX’s RSI now stands at 100.
  • TROX and RSI may be exhibiting divergent trends. This may be something to monitor.

For TROX News Traders

Investors and traders in TROX may be particularly interested in the following story that came out in the past day:

U.K.’s Tronox Jumps Most in 17 Months on Report of Apollo Offer

(Bloomberg) — Tronox Holdings Plc jumped as much as 24% after Reuters reported that Apollo Global Management Inc. made an offer for the U.K. maker of chemicals, paint and plastics products.The all-cash, $27-a-share bid values Tronox at $4.3 billion, Reuters said. The London-based company has hired advisers and hasn’t decided on next steps, the outlet reported.Tronox shares, which trade primarily in the U.S., rose 17% to $23.71 as of 12:43 p.m. in New York. The intraday peak of $25.48 marked the

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