We assign a technical rating of 3 out of 10 to TBK. In the past year, TBK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, TBK does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 58.73, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
56.59
When analyzing the support we notice one important area.
- A support zone ranging from 57.16 to 58.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 59.00 to 60.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.98 from a trend line in the daily time frame.
- Resistance @74.03 from a horizontal line in the daily 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 TBK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TBK is up. |
| ChartMill Relative Strength | 24.1 | NEGATIVE | TBK has a low relative strength, it was outperformed by 75.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TBK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.79 | NEUTRAL | The RSI value for TBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.77 | NEUTRAL | The Stochastics value for TBK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for TBK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for TBK suggests a possible start of a new trend. |
58.74
-1.02 (-1.71%)
TRIUMPH BANCORP INC / TBK FAQ
What is the technical rating for TBK stock?
ChartMill assigns a technical rating of 3 / 10 to TBK.
Can you provide the trend direction for TRIUMPH BANCORP INC?
The current trend direction for TRIUMPH BANCORP INC (TBK) is Bearish.
Can you provide the RSI signal for TRIUMPH BANCORP INC?
TRIUMPH BANCORP INC (TBK) has an RSI value of 54.7937. This indicates that the stock is currently neutral.
What is the buy/sell signal for TRIUMPH BANCORP INC (TBK) stock?
The buy/sell signal for TRIUMPH BANCORP INC (TBK) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for TRIUMPH BANCORP INC?
TRIUMPH BANCORP INC (TBK) has a support level at 58.73 and a resistance level at 59. Check the full technical report for our detailed analysis of TBK support and resistance levels.