THIRD COAST BANCSHARES INC (TCBX) Stock Technical Analysis
NASDAQ:TCBX - US88422P1093 - Common Stock
40.39 USD
+0.99 (+2.51%)
40.39 USD
0 (0%)
Overall TCBX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TCBX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TCBX did better than 89% of all other stocks. We also observe that the gains produced by TCBX over the past year are nicely spread over this period.
TCBX is one of the better performing stocks in the Banks industry, it outperforms 97% of 395 stocks in the same industry.
TCBX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TCBX has a been trading in the 35.60 - 40.66 range, which is quite wide. It is currently trading near the high of this range.
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 resistance zone just above the current price starting at 39.54. Right above this resistance zone may be a good entry point.
More info and screens
31.29
40.79
We found 6 important support areas.
- A support zone ranging from 39.39 to 40.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.63 to 38.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.66 to 35.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @33.78 from a trend line in the weekly time frame.
- Support @32.24 from a trend line in the daily time frame.
- Support @31.61 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for TCBX is up. |
| ChartMill Relative Strength | 89.58 | POSITIVE | TCBX has a high relative strength, it outperformed 89.58% off all stocks 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) | 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) | 59.88 | NEUTRAL | The RSI value for TCBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TCBX has a negative trend. |
| Stochastics (14,3) | 74.31 | NEUTRAL | The Stochastics value for TCBX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.05 | NEUTRAL | The ADX value for TCBX suggests a possible start of a new 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 |
|---|---|---|---|
| 40.03 | 38.62 | 1.41 (3.52%) | 25.00% |
| An entry @40.03. This is a Buy Stop order right above the resistance zone. | An exit @38.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.41 points, which is 3.52%. | For a 0.88% 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.
40.39
+0.99 (+2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.51%
1 Week-1.45%
2 Weeks1.91%
1 Month7.86%
3 Month27.01%
6 Month17.75%
12 Month56.23%
2 Year130.41%
3 Year130.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%2.76%
ATR Inc-1.11%
Range Today1.17
ADR(20)1.07
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.58
Mansfield0.96
10 Day High40.66
10 Day Low37.6
20 Day High40.66
20 Day Low35.6
52 Week High40.66
52 Week Low24.87
CS1 End38.75
CR1 Start39.54
Volume & EV
DER(3)-1.14%
DER(5)0.15%
Volume57.34K
Volume Incr-16.18%
Vol(5)59.30K
Vol(50)70.18K