THIRD COAST BANCSHARES INC (TCBX) Stock Technical Analysis
NYSE:TCBX • US88422P1093
Overall TCBX gets a technical rating of 4 out of 10. In the last year, TCBX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month TCBX has a been trading in the 39.04 - 43.84 range, which is quite wide. It is currently trading near the lows of this range.
- 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.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When compared to the yearly performance of all other stocks, TCBX outperforms 66% of them, which is more or less in line with the market.
- TCBX is part of the Banks industry. There are 379 other stocks in this industry, TCBX did better than 55% of them.
TCBX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 40.16, a Stop Loss order could be placed below this zone.
More info and screens
35.68
We found 5 important support areas.
- A support zone ranging from 39.63 to 40.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.00 from a horizontal line in the daily time frame.
- Support @38.15 from a horizontal line in the daily time frame.
- A support zone ranging from 36.66 to 36.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.47 to 43.47. 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 | DOWN | NEGATIVE | The short term trend for TCBX is down. |
| ChartMill Relative Strength | 66.34 | NEUTRAL | TCBX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TCBX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TCBX is below 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) | 46.16 | NEUTRAL | The RSI value for TCBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests TCBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for TCBX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.51 | NEUTRAL | The ADX value for TCBX suggests a possible start of a new trend. |
40.22
+0.61 (+1.54%)
THIRD COAST BANCSHARES INC / TCBX FAQ
Can you provide the ChartMill technical rating for THIRD COAST BANCSHARES INC?
ChartMill assigns a technical rating of 4 / 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 Bullish.
Can you provide the RSI signal for THIRD COAST BANCSHARES INC?
THIRD COAST BANCSHARES INC (TCBX) has an RSI value of 46.1646. This indicates that the stock is currently neutral.
What is the short term momentum for THIRD COAST BANCSHARES INC (TCBX) stock?
The short term momentum for THIRD COAST BANCSHARES INC (TCBX) is negative.
Can you provide the buy/sell signal for THIRD COAST BANCSHARES INC?
The buy/sell signal for THIRD COAST BANCSHARES INC (TCBX) is hold as the short term and long term trends are mixed.