TRICO BANCSHARES (TCBK) Stock Technical Analysis
NASDAQ:TCBK - Nasdaq - US8960951064 - Common Stock - Currency: USD
Taking everything into account, TCBK scores 2 out of 10 in our technical rating. In the last year, TCBK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
63% of all other stocks performed better in the past year than TCBK.
TCBK is one of the lesser performing stocks in the Banks industry. 70% of 392 stocks in the same industry do better.
In the last month TCBK has a been trading in the 39.69 - 44.01 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.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
TCBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TCBK is lagging the market.
Although the technical rating is bad, TCBK does present a nice setup opportunity. 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 a support zone below the current price at 41.14, a Stop Loss order could be placed below this zone.
More info and screens
35.53
45.00
When analyzing the support we can see 4 important areas.
- A support zone ranging from 40.46 to 41.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.33 from a horizontal line in the daily time frame.
- Support @37.28 from a trend line in the weekly time frame.
- A support zone ranging from 35.89 to 36.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 41.45 to 42.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.97 to 43.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.55 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for TCBK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TCBK is down. |
| ChartMill Relative Strength | 37.71 | NEUTRAL | TCBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TCBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TCBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.72 | NEUTRAL | The RSI value for TCBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests TCBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.94 | NEUTRAL | The Stochastics value for TCBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.75 | NEGATIVE | The low ADX value for TCBK suggests a weak or negative 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)
41.18
-0.08 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.19%
1 Week-1.44%
2 Weeks-1.93%
1 Month-3.9%
3 Month2.26%
6 Month-7.02%
12 Month-1.01%
2 Year19.92%
3 Year-12.74%
5 Year48.72%
10 Year73.46%
15 Year196.9%
Volatility
ATR(14)1.06
ATR(20)%2.87%
ATR Inc-27.36%
Range Today0.62
ADR(20)1.13
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.71
Mansfield-1.06
10 Day High44.01
10 Day Low39.84
20 Day High44.01
20 Day Low39.69
52 Week High51.06
52 Week Low35.2
CS1 End41.14
CR1 Start41.45
Volume & EV
DER(3)1.79%
DER(5)1%
Volume79.80K
Volume Incr-4.58%
Vol(5)84.40K
Vol(50)100.33K