TRICO BANCSHARES (TCBK) Stock Technical Analysis
NASDAQ:TCBK - Nasdaq - US8960951064 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to TCBK. TCBK has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
TCBK is part of the Banks industry. There are 395 other stocks in this industry, of which 72% are performing better than TCBK.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TCBK has a been trading in the 36.32 - 43.20 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TCBK outperforms 63% of them, which is more or less in line with the market.
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.
TCBK has an average technical rating and the quality of the presented setup is also not ideal 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
35.93
43.40
4 important support areas can be observed.
- A support zone ranging from 40.12 to 41.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.51 to 39.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.93 from a trend line in the weekly time frame.
- Support @36.29 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @42.97 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 | UP | POSITIVE | The short term trend for TCBK is up. |
| ChartMill Relative Strength | 63.99 | NEUTRAL | TCBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCBK is above the rising 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 | MIXED | The current price of TCBK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.1 | NEUTRAL | The RSI value for TCBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests TCBK has a positive trend. |
| Stochastics (14,3) | 95.24 | OVERBOUGHT | The high Stochastics value suggests TCBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.72 | 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)
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 |
|---|---|---|---|
| 42.98 | 40.11 | 2.87 (6.68%) | 14.98% |
| An entry @42.98. This is a Buy Stop order right above the resistance zone. | An exit @40.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.87 points, which is 6.68%. | When investing 14.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
42.96
+0.54 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.27%
1 Week4.63%
2 Weeks10.78%
1 Month8.18%
3 Month18.38%
6 Month-0.67%
12 Month13.8%
2 Year14.93%
3 Year-10.13%
5 Year53.43%
10 Year73.3%
15 Year127.66%
Volatility
ATR(14)1.46
ATR(20)%2.79%
ATR Inc-10.84%
Range Today1.4
ADR(20)1.18
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.99
Mansfield-0.73
10 Day High43.2
10 Day Low37.96
20 Day High43.2
20 Day Low36.32
52 Week High51.06
52 Week Low35.2
CS1 End41.02
CR1 Start42.97
Volume & EV
DER(3)2.2%
DER(5)1.53%
Volume49.50K
Volume Incr30.56%
Vol(5)136.56K
Vol(50)102.91K