THIRD COAST BANCSHARES INC (TCBX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TCBX - US88422P1093 - Common Stock
42.33 USD
+2.09 (+5.19%)
42.33 USD
0 (0%)
Taking everything into account, TCBX scores 5 out of 10 in our technical rating. 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.
- TCBX is currently making a new 52 week high. This is a strong signal. 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 36.81 - 42.63 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the yearly performance of all stocks, we notice that TCBX is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- TCBX is an average performer in the Banks industry, it outperforms 50% of 383 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TCBX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
35.14
42.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.15 to 39.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 35.49 to 36.04. 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 | NEUTRAL | NEUTRAL | The short term trend for TCBX is neutral. |
| ChartMill Relative Strength | 73.84 | POSITIVE | TCBX has a high relative strength, it outperformed 73.84% 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) | 70.4 | OVERBOUGHT | The high RSI value suggests TCBX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests TCBX has a positive trend. |
| Stochastics (14,3) | 83.21 | OVERBOUGHT | The high Stochastics value suggests TCBX may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for TCBX 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)
42.33
+2.09 (+5.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg5.19%
1 Week10.61%
2 Weeks11.37%
1 Month6.04%
3 Month10.15%
6 Month15.66%
12 Month15.37%
2 Year122.79%
3 Year128.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%2.98%
ATR Inc174.92%
Range Today3.26
ADR(20)1.25
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.84
3 months CRS79.92
6 months CRS76.59
Mansfield0.8
10 Day High42.63
10 Day Low37.01
20 Day High42.63
20 Day Low36.81
52 Week High42.63
52 Week Low25.17
CS1 End39
CR1 StartN/A
Volume & EV
DER(3)3.16%
DER(5)2.31%
Volume187.12K
Volume Incr66.31%
Vol(5)109.84K
Vol(50)67.32K
THIRD COAST BANCSHARES INC / TCBX FAQ
Can you provide the ChartMill technical rating for THIRD COAST BANCSHARES INC?
ChartMill assigns a technical rating of 5 / 10 to TCBX.
Can you provide the trend direction for THIRD COAST BANCSHARES INC?
The current trend direction for THIRD COAST BANCSHARES INC (TCBX) is Bearish.
Can you provide the RSI signal for THIRD COAST BANCSHARES INC?
THIRD COAST BANCSHARES INC (TCBX) has an RSI value of 70.4018. This indicates that the stock is currently overbought.
What is the short term momentum for THIRD COAST BANCSHARES INC (TCBX) stock?
The short term momentum for THIRD COAST BANCSHARES INC (TCBX) is neutral.