TEXAS CAPITAL BANCSHARES INC (TCBI) Technical Analysis
NASDAQ:TCBI • US88224Q1076
We assign a technical rating of 3 out of 10 to TCBI. Although TCBI 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.
- In the last month TCBI has a been trading in the 90.34 - 107.88 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, TCBI did better than 72% of all other stocks. We also observe that the gains produced by TCBI over the past year are nicely spread over this period.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- TCBI is part of the Banks industry. There are 381 other stocks in this industry, TCBI did better than 66% of them.
- TCBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TCBI is lagging the market slightly.
The technical rating of TCBI is bad and it also does not present a 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
66.30
We found 4 important support areas.
- A support zone ranging from 91.39 to 91.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 78.89 to 79.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.86 from a horizontal line in the daily time frame.
- Support @66.97 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 105.02 to 105.98. 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 | NEUTRAL | NEUTRAL | The long term trend for TCBI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TCBI is down. |
| ChartMill Relative Strength | 72.28 | POSITIVE | TCBI has a high relative strength, it outperformed 72.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TCBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TCBI is below a declining 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) | 35.46 | NEUTRAL | The RSI value for TCBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.16 | NEGATIVE | The MACD value suggests TCBI has a negative trend. |
| Stochastics (14,3) | 16.58 | OVERSOLD | The low Stochastics value suggests TCBI may be oversold. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for TCBI suggests a possible start of a new trend. |
TCBI Technicals: Chart, Performance Metrics, Trend & Indicators
91.9
-3.28 (-3.45%)
TEXAS CAPITAL BANCSHARES INC / TCBI FAQ
Can you provide the ChartMill technical rating for TEXAS CAPITAL BANCSHARES INC?
ChartMill assigns a technical rating of 3 / 10 to TCBI.
What is the current trend direction of TEXAS CAPITAL BANCSHARES INC (TCBI) stock?
The current trend direction for TEXAS CAPITAL BANCSHARES INC (TCBI) is Bearish.
What is the RSI signal for TCBI stock?
TEXAS CAPITAL BANCSHARES INC (TCBI) has an RSI value of 35.4629. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TEXAS CAPITAL BANCSHARES INC?
The MACD indicator for TEXAS CAPITAL BANCSHARES INC (TCBI) has a value of -1.15703, indicating a bearish trend.
What is the short term momentum for TCBI stock?
The short term momentum for TEXAS CAPITAL BANCSHARES INC (TCBI) is negative.