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.
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. There is very little resistance above the current price.
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65.15
7 important support areas can be observed.
- Support @92.58 from a horizontal line in the daily time frame.
- A support zone ranging from 87.43 to 88.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @84.52 from a trend line in the weekly time frame.
- Support @82.56 from a trend line in the daily time frame.
- A support zone ranging from 78.89 to 79.46. 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 @65.81 from a trend line in the weekly time frame.
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 | 77.09 | POSITIVE | TCBI has a high relative strength, it outperformed 77.09% 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) | 54.13 | NEUTRAL | The RSI value for TCBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests TCBI has a negative trend. |
| Stochastics (14,3) | 38.16 | NEUTRAL | The Stochastics value for TCBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.45 | POSITIVE | The high ADX value value for TCBI suggests a strong trend. |
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 |
|---|---|---|---|
| 94.54 | 92.57 | 1.97 (2.08%) | 25.00% |
| An entry @94.54. This is a Buy Stop order right above the 10 day moving average. | An exit @92.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.97 points, which is 2.08%. | For a 0.52% 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.
92.59
-0.27 (-0.29%)
TEXAS CAPITAL BANCSHARES INC / TCBI FAQ
Can you provide the ChartMill technical rating for TEXAS CAPITAL BANCSHARES INC?
ChartMill assigns a technical rating of 9 / 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 54.1346. 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 92.58. Check the full technical report for our detailed analysis of TCBI support and resistance levels.