Overall TCBI gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TCBI is only an average performer.
Although TCBI has an excellent technical rating, it does not offer a high quality setup 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
64.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 84.16 to 86.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.14 to 82.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 78.89 to 80.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.49 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 90.73 to 90.73. 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 | 61.8 | NEUTRAL | TCBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCBI is above 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) | 64.02 | NEUTRAL | The RSI value for TCBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests TCBI has a positive trend. |
| Stochastics (14,3) | 85.38 | OVERBOUGHT | The high Stochastics value suggests TCBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.93 | NEGATIVE | The low ADX value for TCBI suggests a weak or negative trend. |
90.72
+2.18 (+2.46%)
TEXAS CAPITAL BANCSHARES INC / TCBI FAQ
Can you provide the ChartMill technical rating for TEXAS CAPITAL BANCSHARES INC?
ChartMill assigns a technical rating of 7 / 10 to TCBI.
Can you provide the trend direction for TEXAS CAPITAL BANCSHARES INC?
The current trend direction for TEXAS CAPITAL BANCSHARES INC (TCBI) is Bullish.
What is the RSI signal for TEXAS CAPITAL BANCSHARES INC (TCBI) stock?
TEXAS CAPITAL BANCSHARES INC (TCBI) has an RSI value of 64.0182. This indicates that the stock is currently neutral.
What is the short term momentum for TEXAS CAPITAL BANCSHARES INC (TCBI) stock?
The short term momentum for TEXAS CAPITAL BANCSHARES INC (TCBI) is positive.
What are the support and resistance levels for TEXAS CAPITAL BANCSHARES INC (TCBI) stock?
TEXAS CAPITAL BANCSHARES INC (TCBI) has a support level at 86.1 and a resistance level at 90.73. Check the full technical report for our detailed analysis of TCBI support and resistance levels.