THIRD COAST BANCSHARES INC (TCBX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TCBX - US88422P1093 - Common Stock
Overall TCBX gets a technical rating of 5 out of 10. In the last year, TCBX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, TCBX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 37.91, a Stop Loss order could be placed below this zone.
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33.60
2 important support areas can be observed.
- A support zone ranging from 35.80 to 37.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @38.14 from a trend line in the daily time frame.
- A resistance zone ranging from 40.29 to 41.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TCBX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCBX is up. |
| ChartMill Relative Strength | 53.53 | NEUTRAL | TCBX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCBX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TCBX is above a declining 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) | 54.57 | NEUTRAL | The RSI value for TCBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests TCBX has a positive trend. |
| Stochastics (14,3) | 82.86 | OVERBOUGHT | The high Stochastics value suggests TCBX may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for TCBX suggests a weak or negative trend. |
38.11
-0.25 (-0.65%)
THIRD COAST BANCSHARES INC / TCBX FAQ
What is the technical rating for TCBX stock?
ChartMill assigns a technical rating of 5 / 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 Bearish.
What is the RSI signal for TCBX stock?
THIRD COAST BANCSHARES INC (TCBX) has an RSI value of 54.5698. 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 positive.