TRICO BANCSHARES (TCBK) Technical Analysis
NASDAQ:TCBK • US8960951064
Current stock price
TCBK Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to TCBK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TCBK is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- TCBK 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 TCBK is lagging the market slightly.
- TCBK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, TCBK outperforms 65% of them, which is more or less in line with the market.
- TCBK is part of the Banks industry. There are 376 other stocks in this industry, TCBK did better than 47% of them.
TCBK Weekly and Daily overview Charts
TCBK Setup Rating and Analysis
Although the technical rating is only medium, TCBK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 51.49. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
TCBK Support and Resistance Analysis
35.93
When analyzing the support we can see 5 important areas.
- A support zone ranging from 48.67 to 48.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.10 from a trend line in the daily time frame.
- A support zone ranging from 45.94 to 46.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.57 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.
- A resistance zone ranging from 51.49 to 52.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
TCBK Technical Indicator Signal Analysis
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 TCBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCBK is up. |
| ChartMill Relative Strength | 65.4 | 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) | DOWN | MIXED | The current price of TCBK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.74 | NEUTRAL | The RSI value for TCBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TCBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.84 | NEUTRAL | The Stochastics value for TCBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.36 | NEUTRAL | The ADX value for TCBK suggests a possible start of a new trend. |
TCBK Chart- and CandleStick Pattern Analysis
TCBK Example Setup
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 |
|---|---|---|---|
| 50.15 | 49.24 | 0.91 (1.81%) | 25.00% |
| An entry @50.15. This is a Buy Stop order right above the 10 day moving average. | An exit @49.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.91 points, which is 1.81%. | For a 0.45% 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 TCBK. 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.
TCBK Technicals: Chart, Performance Metrics, Trend & Indicators
49.4
-0.6 (-1.2%)
TRICO BANCSHARES / TCBK TA FAQ
What is the technical rating for TCBK stock?
ChartMill assigns a technical rating of 6 / 10 to TCBK.
Can you provide the trend direction for TRICO BANCSHARES?
The current trend direction for TRICO BANCSHARES (TCBK) is Bullish.
What is the RSI signal for TRICO BANCSHARES (TCBK) stock?
TRICO BANCSHARES (TCBK) has an RSI value of 52.7423. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRICO BANCSHARES?
The MACD indicator for TRICO BANCSHARES (TCBK) has a value of 0.084805, indicating a bearish trend.
Can you provide the buy/sell signal for TRICO BANCSHARES?
The buy/sell signal for TRICO BANCSHARES (TCBK) is buy as both the short term and long term trends are positive.