Tootsie Roll's 15-min chart sees KDJ Golden Cross, Bullish Marubozu Pattern

The 15-minute chart for Tootsie Roll has recently triggered a golden cross in the KDJ indicator, accompanied by a bullish marubozu candlestick pattern on October 16, 2025 at 15:15. This indicates that the momentum of the stock price is shifting towards an upward trajectory, suggesting a potential increase in value. The presence of a bullish marubozu candlestick pattern further reinforces this notion, as it signifies strong buying pressure and control of the market by buyers. Therefore, it is likely that bullish momentum will continue.

Tootsie Roll Industries, Inc. (NYSE: TR) has recently shown signs of bullish momentum, as indicated by a golden cross in the KDJ indicator and a bullish marubozu candlestick pattern on October 16, 2025, at 15:15. This chart pattern suggests a potential upward trajectory in the stock price, driven by strong buying pressure and market control by buyers.

The golden cross in the KDJ indicator signifies a shift in momentum towards an upward trend. This is typically seen when the K line crosses above the D line, indicating a bullish signal. The accompanying bullish marubozu candlestick pattern further reinforces this notion. A marubozu candlestick is characterized by a lack of shadows (upper and lower wicks), indicating that the price moved in a single direction throughout the period. In this case, the bullish marubozu candlestick pattern signifies strong buying pressure, as the price moved higher without any resistance from sellers.

The recent changes in institutional holdings also reflect a positive outlook on Tootsie Roll Industries. Wealth Enhancement Advisory Services LLC purchased 7,448 shares of the company's stock in the second quarter, valued at approximately $264,000, as reported in a MarketBeat filing. Additionally, several other hedge funds have increased their stakes in Tootsie Roll Industries, including Goldman Sachs Group Inc., Dynamic Technology Lab Private Ltd., AQR Capital Management LLC, Royal Bank of Canada, and Baird Financial Group Inc.

Despite the positive momentum, it is essential for investors to consider the company's fundamentals and recent earnings. The filing also notes that Tootsie Roll Industries reported $0.24 earnings per share (EPS) for the quarter and had a net margin of 12.72% and a return on equity of 10.36%. The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16, 2025, to shareholders of record on Tuesday, October 7, 2025.

In conclusion, the recent chart patterns and institutional holdings suggest a potential upward trend in Tootsie Roll Industries' stock price. However, investors should carefully consider the company's fundamentals and recent earnings before making any investment decisions.