All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Currently, Tailored Brands stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean TLRD will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
When is it time to sell Tailored Brands?. Trading strategies give us the ability us to avoid rash decisions based on our emotions or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to use and are only applicable for selling shares you already own, not for selling short Tailored Brands stock
A golden rule is that you should not mantain a trading operation that produces losses greater than those expected upon purchase. When to sell your stock must always be ruled by the stop-loss (automatic or manual)
Currently, Tailored Brands stock doesn't match any of our preferred sell setups, so if you hold Tailored Brands shares and your operation is in profit probably is not time to sell now
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days we couldn't find any rating for Tailored Brands
Tailored Brands continues trending lower since early June, and has accumulated a selloff of -95.1%. The stock drew 3 consecutive lower tops
Moving averages are indicators for investors to measure stock direction. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages
Technical analysts use support and resistance levels to identify price points in the stock price action that may work as obstacles, containing the price of shares to move in certain direction. Supports are levels where the price may find support as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it is likely to continue descending until approaching another support level. On the contrary, a resistance level is where the price may find resistance as it rises. Likewise, this means that the price is more likely to "rebound" at this level, and if it finally breaks this level, the price will rise easily until it finds the next resistance
The current resistances are:
Price is at all-time lows and there are not lower supports.
So-called Bollinger bands are a widespread practice designed by John Bollinger. It comprises three bands that are superimposed on the price evolution chart:
The Relative Strength Index is an oscillator-type indicator that track price movements to detect when the share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders
The RSI crossed up the oversold line of 30 on Monday after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI value yesterday was 30.76
Q3 investors event was hosted by Tailored Brands on September 3 after presenting the earnings report. The analysts estimate is a a per-share earnings of %s of $0.24, that is a 153.33% more than Q2 quarter.
Same quarter last year, reported EPS was $0.82, so recently posted EPS means a decrease of -100%. Looking at revenues, figures sank a -62.68% compared to $768.1M same quarter a year ago.
Tailored Brands presents earnings report. Financial reporting day has an additional risk for traders as the information posted can jump up or down the price with exceptionally low volume and not honouring your buy/stop-loss orders.