TURTLE BEACH CORP (TBCH) Stock Technical Analysis
NASDAQ:TBCH • US9004502061
We assign a technical rating of 1 out of 10 to TBCH. TBCH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 83% of all other stocks performed better in the past year than TBCH.
- In the last month TBCH has a been trading in the 10.89 - 12.74 range, which is quite wide. It is currently trading near the high of this range.
- TBCH is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 45% of 36 stocks in the same industry.
- TBCH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TBCH is lagging the market slightly.
TBCH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TBCH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.68
When analyzing the support we notice one important area.
- A support zone ranging from 11.80 to 12.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.55 to 12.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.18 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for TBCH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBCH is neutral. |
| ChartMill Relative Strength | 17.54 | NEGATIVE | TBCH has a low relative strength, it was outperformed by 82.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBCH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TBCH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TBCH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.8 | NEUTRAL | The RSI value for TBCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests TBCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.03 | OVERBOUGHT | The high Stochastics value suggests TBCH may be overbought. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for TBCH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.51 | POSITIVE | The high ADX value value for TBCH suggests a strong trend. |
12.53
-0.03 (-0.24%)
TURTLE BEACH CORP / TBCH FAQ
What is the technical rating for TBCH stock?
ChartMill assigns a technical rating of 1 / 10 to TBCH.
Can you provide the trend direction for TURTLE BEACH CORP?
The current trend direction for TURTLE BEACH CORP (TBCH) is Bearish.
What is the RSI signal for TBCH stock?
TURTLE BEACH CORP (TBCH) has an RSI value of 53.8004. This indicates that the stock is currently neutral.
What is the MACD signal for TURTLE BEACH CORP (TBCH) stock?
The MACD indicator for TURTLE BEACH CORP (TBCH) has a value of 0.161604, indicating a bearish trend.