TBI Technical Analysis - TRUEBLUE INC

Technical Rating and Analysis

Taking everything into account, TBI scores 1 out of 10 in our technical rating. TBI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

90% of all other stocks performed better in the past year than TBI.

TBI is part of the Professional Services industry. There are 86 other stocks in this industry, of which 62% are performing better than TBI.

In the last month TBI has a been trading in the 5.28 - 6.51 range, which is quite wide. It is currently trading near the lows of this range.

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.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

TBI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TBI 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

5.29

7.59

We found 1 important support area.

A support zone ranging from 5.34 to 5.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 5 important resistance areas.

A resistance zone ranging from 5.83 to 5.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @6.07 from a trend line in the weekly time frame.
A resistance zone ranging from 6.43 to 6.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @7.26 from a trend line in the daily time frame.
Resistance @7.51 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for TBI is down.
ChartMill Relative Strength	10.66	NEGATIVE	TBI has a low relative strength, it was outperformed by 89.34% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TBI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of TBI is below the rising 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)	46.07	NEUTRAL	The RSI value for TBI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests TBI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20.59	NEUTRAL	The Stochastics value for TBI is a neutral value.
Average True Range in percent/ATR (20)	5.74	HIGH VOLATILITY	The high ATR as a percentage value for TBI suggests high volalility.
Average Directional Index/ADX (14)	22.29	NEUTRAL	The ADX value for TBI suggests a possible start of a new trend.