TABLEAU SOFTWARE INC (DATA) Stock Technical Analysis
NYSE:DATA - New York Stock Exchange, Inc. -
Overall DATA gets a technical rating of 10 out of 10. 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. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
116.40
We found 2 important support 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.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DATA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DATA is up. |
| ChartMill Relative Strength | 97.49 | POSITIVE | DATA has a high relative strength, it outperformed 97.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DATA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DATA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DATA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.09 | NEUTRAL | The RSI value for DATA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.66 | NEGATIVE | The MACD value suggests DATA has a negative trend. |
| Stochastics (14,3) | 23.17 | NEUTRAL | The Stochastics value for DATA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for DATA suggests some volalility. |
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%)