TRUEBLUE INC (TBI) Stock Technical Analysis
NYSE:TBI - New York Stock Exchange, Inc. - US89785X1019 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to TBI. In the last year, TBI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TBI is one of the better performing stocks in the Professional Services industry, it outperforms 75% of 82 stocks in the same industry.
In the last month TBI has a been trading in the 6.02 - 7.22 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, TBI turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
TBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TBI has an excellent technical rating, the quality of the presented setup is not ideal 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
6.01
7.18
We found 3 important support areas.
- A support zone ranging from 6.32 to 6.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.19 to 6.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.07 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.11 to 7.11. 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 | NEUTRAL | NEUTRAL | The long term trend for TBI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TBI is up. |
| ChartMill Relative Strength | 66.25 | NEUTRAL | TBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TBI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.78 | NEUTRAL | The RSI value for TBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TBI has a positive trend. |
| Stochastics (14,3) | 85.74 | OVERBOUGHT | The high Stochastics value suggests TBI may be overbought. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for TBI suggests some volalility. |
| Average Directional Index/ADX (14) | 35.01 | POSITIVE | The high ADX value value for TBI suggests a strong 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)
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 |
|---|---|---|---|
| 7.12 | 6.01 | 1.11 (15.59%) | 6.41% |
| An entry @7.12. This is a Buy Stop order right above the resistance zone. | An exit @6.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.11 points, which is 15.59%. | For a 1.00% total portfolio risk, you can invest 6.41% of your capital in this trade. |
- 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.
6.99
-0.11 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-1.55%
1 Week14.97%
2 Weeks4.33%
1 Month2.49%
3 Month62.94%
6 Month-11.18%
12 Month-41.21%
2 Year-53.24%
3 Year-67.7%
5 Year-54.7%
10 Year-72.86%
15 Year-45.69%
Volatility
ATR(14)0.31
ATR(20)%4.41%
ATR Inc2.25%
Range Today0.35
ADR(20)0.3
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.25
Mansfield-0.68
10 Day High7.22
10 Day Low6.02
20 Day High7.22
20 Day Low6.02
52 Week High12.29
52 Week Low3.45
CS1 End6.37
CR1 Start7.11
Volume & EV
DER(3)-1.08%
DER(5)0.39%
Volume179.50K
Volume Incr3.24%
Vol(5)206.54K
Vol(50)325.88K