THIRD COAST BANCSHARES INC (TCBX) Stock Technical Analysis
NASDAQ:TCBX - Nasdaq - US88422P1093 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to TCBX. Although TCBX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that TCBX is one of the better performing stocks in the market, outperforming 87% of all stocks.
TCBX is part of the Banks industry. There are 396 other stocks in this industry. TCBX outperforms 86% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TCBX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TCBX is lagging the market slightly.
In the last month TCBX has a been trading in the 30.10 - 32.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TCBX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
25.38
34.93
We found 4 important support areas.
- Support @29.08 from a trend line in the weekly time frame.
- Support @28.13 from a trend line in the daily time frame.
- A support zone ranging from 27.35 to 27.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.13 to 31.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.80 to 32.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.58 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 | 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 | 87.66 | POSITIVE | TCBX has a high relative strength, it outperformed 87.66% off all stocks 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) | DOWN | MIXED | The current price of TCBX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TCBX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51 | NEUTRAL | The RSI value for TCBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TCBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.39 | NEUTRAL | The Stochastics value for TCBX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.59 | 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)
31.02
+0.65 (+2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.14%
1 Week1.17%
2 Weeks0.88%
1 Month0.81%
3 Month-7.29%
6 Month-11.62%
12 Month54.95%
2 Year95.46%
3 Year41.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%3.35%
ATR Inc52.22%
Range Today1.77
ADR(20)0.98
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.66
Mansfield0
10 Day High32.49
10 Day Low30.1
20 Day High32.66
20 Day Low30.1
52 Week High39.45
52 Week Low18.82
CS1 End29.08
CR1 Start31.13
Volume & EV
DER(3)0.71%
DER(5)0.35%
Volume32.80K
Volume Incr-19.73%
Vol(5)41.64K
Vol(50)67.66K