TRUEBLUE INC (TBI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TBI - US89785X1019 - Common Stock
Taking everything into account, TBI scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. TBI was also a bad performer in the overall market in the last year.
- 85% of all other stocks performed better in the past year than TBI.
- In the last month TBI has a been trading in the 4.35 - 5.34 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- TBI is part of the Professional Services industry. There are 88 other stocks in this industry, TBI did better than 47% of them.
- 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.
TBI 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
4.39
We found 1 important support area.
- A support zone ranging from 4.43 to 4.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.26 to 5.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.19 from a trend line in the weekly time frame.
- Resistance @6.57 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 TBI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TBI is up. |
| ChartMill Relative Strength | 15.33 | NEGATIVE | TBI has a low relative strength, it was outperformed by 84.67% off all stocks 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) | DOWN | MIXED | The current price of TBI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.24 | NEUTRAL | The RSI value for TBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TBI has a positive trend. |
| Stochastics (14,3) | 77.97 | NEUTRAL | The Stochastics value for TBI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TBI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.38 | NEGATIVE | The low ADX value for TBI suggests a weak or negative trend. |
5.25
+0.23 (+4.58%)
TRUEBLUE INC / TBI FAQ
Can you provide the ChartMill technical rating for TRUEBLUE INC?
ChartMill assigns a technical rating of 2 / 10 to TBI.
What is the current trend direction of TRUEBLUE INC (TBI) stock?
The current trend direction for TRUEBLUE INC (TBI) is Bearish.
What is the RSI signal for TBI stock?
TRUEBLUE INC (TBI) has an RSI value of 63.2355. This indicates that the stock is currently neutral.
What is the short term momentum for TRUEBLUE INC (TBI) stock?
The short term momentum for TRUEBLUE INC (TBI) is positive.
Can you provide the buy/sell signal for TRUEBLUE INC?
The buy/sell signal for TRUEBLUE INC (TBI) is hold as the short term and long term trends are mixed.