TEXAS CAPITAL BANCSHARES INC (TCBI) Stock Technical Analysis
USA - NASDAQ:TCBI - US88224Q1076 - Common Stock
85.69 USD
+0.33 (+0.39%)
85.69 USD
0 (0%)
We assign a technical rating of 6 out of 10 to TCBI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that TCBI is one of the better performing stocks in the market, outperforming 75% of all stocks. On top of that, TCBI also shows a nice and consistent pattern of rising prices.
TCBI is one of the better performing stocks in the Banks industry, it outperforms 72% of 392 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.
In the last month TCBI has a been trading in the 82.83 - 88.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is only medium, TCBI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 86.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 85.68, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
63.89
90.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 83.19 to 85.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.46 from a horizontal line in the daily time frame.
- Support @64.54 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 86.05 to 89.73. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for TCBI is neutral. |
| ChartMill Relative Strength | 75.21 | POSITIVE | TCBI has a high relative strength, it outperformed 75.21% 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 | MIXED | The current price of TCBI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TCBI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.77 | NEUTRAL | The RSI value for TCBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests TCBI has a negative trend. |
| Stochastics (14,3) | 58.14 | NEUTRAL | The Stochastics value for TCBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.61 | NEUTRAL | The ADX value for TCBI suggests a possible start of a new 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 |
|---|---|---|---|
| 86.23 | 83.18 | 3.05 (3.53%) | 25.00% |
| An entry @86.23. This is a Buy Stop order right above the 10 day moving average. | An exit @83.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.05 points, which is 3.53%. | For a 0.88% total portfolio risk, you can invest 25.00% 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.
85.69
+0.33 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.39%
1 Week1.79%
2 Weeks-0.97%
1 Month-0.55%
3 Month8.52%
6 Month16.13%
12 Month21.6%
2 Year45.48%
3 Year45.16%
5 Year175.27%
10 Year63.47%
15 Year396.18%
Volatility
ATR(14)2.04
ATR(20)%2.2%
ATR Inc23.49%
Range Today1.95
ADR(20)1.86
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.21
Mansfield-0.21
10 Day High87.99
10 Day Low82.83
20 Day High88.3
20 Day Low82.83
52 Week High94.61
52 Week Low59.37
CS1 End85.68
CR1 Start86.05
Volume & EV
DER(3)-0.38%
DER(5)-0.11%
Volume474.40K
Volume Incr18.13%
Vol(5)513.06K
Vol(50)487.54K