THIRD COAST BANCSHARES INC (TCBX) Stock Technical Analysis
NASDAQ:TCBX - Nasdaq - US88422P1093 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to TCBX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TCBX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TCBX did better than 91% of all other stocks. On top of that, TCBX also shows a nice and consistent pattern of rising prices.
TCBX is one of the better performing stocks in the Banks industry, it outperforms 98% of 393 stocks in the same industry.
TCBX 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 TCBX is lagging the market slightly.
In the last month TCBX has a been trading in the 33.95 - 39.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TCBX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
29.45
39.40
5 important support areas can be observed.
- A support zone ranging from 35.66 to 36.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.25 to 34.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.89 from a trend line in the weekly time frame.
- A support zone ranging from 31.03 to 31.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.75 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.51 to 39.01. 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 | 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 | 91.5 | POSITIVE | TCBX has a high relative strength, it outperformed 91.5% 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) | 63.59 | NEUTRAL | The RSI value for TCBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TCBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.29 | NEUTRAL | The Stochastics value for TCBX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.97 | 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)
38.5
+1.73 (+4.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg4.7%
1 Week5.39%
2 Weeks-1.28%
1 Month7.51%
3 Month21.07%
6 Month1.18%
12 Month67.61%
2 Year104.57%
3 Year111.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.22
ATR(20)%3.3%
ATR Inc0.47%
Range Today1.44
ADR(20)1.21
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.5
Mansfield0.91
10 Day High39.72
10 Day Low35.6
20 Day High39.72
20 Day Low33.95
52 Week High39.72
52 Week Low22.47
CS1 End36.88
CR1 Start38.51
Volume & EV
DER(3)3.58%
DER(5)1.01%
Volume72.80K
Volume Incr-24.1%
Vol(5)55.28K
Vol(50)66.03K