TURTLE BEACH CORP (TBCH) Stock Technical Analysis
NASDAQ:TBCH - Nasdaq - US9004502061 - Common Stock - Currency: USD
Overall TBCH gets a technical rating of 3 out of 10. TBCH performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, TBCH is a bad performer in the overall market: 100% of all stocks are doing better.
TBCH is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 93% of 32 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month TBCH has a been trading in the 8.78 - 12.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TBCH has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.80
12.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.39 to 11.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.91 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.21 to 12.35. 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 TBCH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBCH is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | TBCH has a low relative strength, it was outperformed by 100% 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). |
| Relative Strength Index/RSI (14) | 50.6 | NEUTRAL | The RSI value for TBCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TBCH has a positive trend. |
| Stochastics (14,3) | 48.83 | NEUTRAL | The Stochastics value for TBCH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for TBCH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.26 | NEGATIVE | The low ADX value for TBCH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.48
+0.27 (+2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg2.41%
1 Week3.42%
2 Weeks-6.97%
1 Month1.59%
3 Month-33.02%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%6.15%
ATR Inc-2.06%
Range Today0.73
ADR(20)0.63
ADR(20)%5.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High12.48
10 Day Low10.78
20 Day High12.48
20 Day Low8.78
52 Week HighN/A
52 Week LowN/A
CS1 End11.43
CR1 Start12.21
Volume & EV
DER(3)5.7%
DER(5)6.83%
Volume330.80K
Volume Incr-52.39%
Vol(5)213.10K
Vol(50)403.16K