TEXAS CAPITAL BANCSHARES INC (TCBI) Stock Technical Analysis
NASDAQ:TCBI - Nasdaq - US88224Q1076 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to TCBI. Both in the recent history as in the last year, TCBI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
TCBI is one of the better performing stocks in the Banks industry, it outperforms 89% of 396 stocks in the same industry.
TCBI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TCBI is lagging the market slightly.
TCBI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that TCBI is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, TCBI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
63.76
90.63
4 important support areas can be observed.
- A support zone ranging from 85.29 to 85.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.56 from a trend line in the daily time frame.
- A support zone ranging from 78.18 to 80.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.11 to 89.73. 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 | UP | POSITIVE | The long term trend for TCBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCBI is up. |
| ChartMill Relative Strength | 83.62 | POSITIVE | TCBI has a high relative strength, it outperformed 83.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TCBI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.03 | NEUTRAL | The RSI value for TCBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests TCBI has a negative trend. |
| Stochastics (14,3) | 39.13 | NEUTRAL | The Stochastics value for TCBI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBI suggests some volalility. |
| Average Directional Index/ADX (14) | 43.21 | POSITIVE | The high ADX value value for TCBI 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 |
|---|---|---|---|
| 89.74 | 85.28 | 4.46 (4.97%) | 20.12% |
| An entry @89.74. This is a Buy Stop order right above the resistance zone. | An exit @85.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.46 points, which is 4.97%. | For a 1.00% total portfolio risk, you can invest 20.12% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TCBI. Please evaluate whether better entry and exit points can be found.
- 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.
85.3
-1.13 (-1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.31%
1 Week-4.94%
2 Weeks-1.22%
1 Month8.22%
3 Month25.64%
6 Month10.14%
12 Month26.75%
2 Year33.59%
3 Year45.51%
5 Year156.77%
10 Year44.72%
15 Year411.08%
Volatility
ATR(14)3.15
ATR(20)%3.58%
ATR Inc-35.92%
Range Today2.16
ADR(20)3.01
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.62
Mansfield0.3
10 Day High94.61
10 Day Low83.88
20 Day High94.61
20 Day Low78.33
52 Week High94.61
52 Week Low56.24
CS1 End85.29
CR1 Start89.11
Volume & EV
DER(3)-0.66%
DER(5)-1.26%
Volume775.70K
Volume Incr14.38%
Vol(5)599.46K
Vol(50)474.47K