TCF Financial Corp (TCF) Stock Technical Analysis
NYSE:TCF
Overall TCF gets a technical rating of 3 out of 10. TCF has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month TCF has a been trading in the 44.96 - 48.51 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- TCF 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 TCF is lagging the market slightly.
- TCF has an average volume of 1882920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, TCF outperforms 57% of them, which is more or less in line with the market.
- TCF is part of the Banks industry. There are 379 other stocks in this industry, TCF did better than 40% of them.
The technical rating of TCF is bad and it also does not present a 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
25.33
We found 3 important support areas.
- Support @44.37 from a horizontal line in the weekly time frame.
- Support @43.18 from a horizontal line in the daily time frame.
- Support @25.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 45.32 to 46.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.17 to 49.18. 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 TCF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TCF is neutral. |
| ChartMill Relative Strength | 57.68 | NEUTRAL | TCF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TCF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TCF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.64 | NEUTRAL | The RSI value for TCF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests TCF has a negative trend. |
| Stochastics (14,3) | 28.3 | NEUTRAL | The Stochastics value for TCF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for TCF suggests some volalility. |
45.18
-1.53 (-3.28%)
TCF Financial Corp / TCF FAQ
Can you provide the ChartMill technical rating for TCF Financial Corp?
ChartMill assigns a technical rating of 3 / 10 to TCF.
What is the trend direction for TCF stock?
The current trend direction for TCF Financial Corp (TCF) is Bullish.
Can you provide the RSI signal for TCF Financial Corp?
TCF Financial Corp (TCF) has an RSI value of 40.6447. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TCF Financial Corp?
The MACD indicator for TCF Financial Corp (TCF) has a value of -0.117943, indicating a bearish trend.
What are the support and resistance levels for TCF Financial Corp (TCF) stock?
TCF Financial Corp (TCF) has a support level at 44.37 and a resistance level at 45.32. Check the full technical report for our detailed analysis of TCF support and resistance levels.