TABLEAU SOFTWARE INC (DATA) Stock Technical Analysis
NYSE:DATA - New York Stock Exchange, Inc. -
Taking everything into account, DATA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DATA is showing a nice and steady performance.
DATA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 176.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 169.52, a Stop Loss order could be placed below this zone.
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116.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 169.52 to 169.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 117.58 to 117.73. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 176.15 to 176.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 173.00 | 169.51 | 3.49 (2.02%) | 25.00% |
| An entry @173.00. This is a Buy Stop order right above the 10 day moving average. | An exit @169.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.49 points, which is 2.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of DATA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:DATA (8/1/2019, 8:04:07 PM)
169.53
0 (0%)