TBRG Technical Analysis - TRUBRIDGE INC

Technical Rating and Analysis

Overall TBRG gets a technical rating of 2 out of 10. Although TBRG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

TBRG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

TBRG is one of the better performing stocks in the Health Care Technology industry, it outperforms 85% of 35 stocks in the same industry.

When comparing the yearly performance of all stocks, we notice that TBRG is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

TBRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBRG is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, TBRG does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.72

23.93

When analyzing the support we notice one important area.

A support zone ranging from 18.91 to 18.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 19.90 to 21.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 21.79 to 22.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @23.69 from a horizontal line in the daily time frame.

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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 TBRG is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for TBRG is neutral.
ChartMill Relative Strength	84.71	POSITIVE	TBRG has a high relative strength, it outperformed 84.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TBRG is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TBRG is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of TBRG is below the rising SMA(200).
Relative Strength Index/RSI (14)	45.21	NEUTRAL	The RSI value for TBRG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests TBRG has a negative trend, although the MACD value is rising.
Stochastics (14,3)	30.98	NEUTRAL	The Stochastics value for TBRG is a neutral value.
Average True Range in percent/ATR (20)	3.55	MEDIUM VOLATILITY	The ATR as a percentage value for TBRG suggests some volalility.
Average Directional Index/ADX (14)	10.9	NEGATIVE	The low ADX value for TBRG suggests a weak or negative trend.