THIRD COAST BANCSHARES INC (TCBX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TCBX - US88422P1093 - Common Stock
Taking everything into account, TCBX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TCBX is only an average performer.
Besides having an excellent technical rating, TCBX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 38.55, a Stop Loss order could be placed below this zone.
More info and screens
34.36
We found 5 important support areas.
- A support zone ranging from 38.27 to 38.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.60 from a trend line in the daily time frame.
- A support zone ranging from 36.69 to 36.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.80 to 36.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 40.15 to 40.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.47 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 | UP | POSITIVE | The long term trend for TCBX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TCBX is neutral. |
| ChartMill Relative Strength | 64.02 | NEUTRAL | TCBX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TCBX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCBX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCBX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.41 | NEUTRAL | The RSI value for TCBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TCBX has a negative trend. |
| Stochastics (14,3) | 43.42 | NEUTRAL | The Stochastics value for TCBX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.38 | POSITIVE | The high ADX value value for TCBX 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 |
|---|---|---|---|
| 40.43 | 39.11 | 1.32 (3.26%) | 25.00% |
| An entry @40.43. This is a Buy Stop order right above the resistance zone. | An exit @39.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.32 points, which is 3.26%. | For a 0.82% 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 TCBX. 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.
39.39
-0.5 (-1.25%)
THIRD COAST BANCSHARES INC / TCBX FAQ
What is the technical rating for TCBX stock?
ChartMill assigns a technical rating of 7 / 10 to TCBX.
What is the current trend direction of THIRD COAST BANCSHARES INC (TCBX) stock?
The current trend direction for THIRD COAST BANCSHARES INC (TCBX) is Bullish.
What is the RSI signal for TCBX stock?
THIRD COAST BANCSHARES INC (TCBX) has an RSI value of 51.4114. This indicates that the stock is currently neutral.
Can you provide the short term momentum for THIRD COAST BANCSHARES INC?
The short term momentum for THIRD COAST BANCSHARES INC (TCBX) is neutral.