TravelCenters of America Inc (TA) Stock Technical Analysis
NASDAQ:TA - Nasdaq - US89421B1098 - Common Stock - Currency: USD
Taking everything into account, TA scores 9 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, TA is showing a nice and steady performance.
TA 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 very little resistance above the current price. There is a support zone below the current price at 85.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
49.80
We found 3 important support areas.
- A support zone ranging from 85.96 to 85.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @84.43 from a horizontal line in the daily time frame.
- Support @50.30 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 88.02 to 88.36. 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 TA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TA is up. |
| ChartMill Relative Strength | 99.05 | POSITIVE | TA has a high relative strength, it outperformed 99.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.55 | NEUTRAL | The RSI value for TA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests TA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.62 | OVERSOLD | The low Stochastics value suggests TA may be oversold. |
| Average True Range in percent/ATR (20) | 0.51 | LOW VOLATILITY | The low ATR as a percentage value for TA suggests low volalility. |
| Average Directional Index/ADX (14) | 46.59 | POSITIVE | The high ADX value value for TA suggests a strong trend. |
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 |
|---|---|---|---|
| 86.05 | 85.98 | 0.07 (0.08%) | 25.00% |
| An entry @86.05. This is a Buy Stop order right above the 10 day moving average. | An exit @85.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.08%. | For a 0.02% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TA. 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.
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