Technicolor Creative Studios SA (TCHCS.PA) Stock Technical Analysis
EPA:TCHCS - Euronext Paris - Matif - FR001400I939 - Common Stock - Currency: EUR
We assign a technical rating of 6 out of 10 to TCHCS. TCHCS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although the technical rating is only medium, TCHCS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.63, a Stop Loss order could be placed below this zone.
More info and screens
1.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.61 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.53 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 TCHCS.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCHCS.PA is up. |
| ChartMill Relative Strength | 99.64 | POSITIVE | TCHCS.PA has a high relative strength, it outperformed 99.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TCHCS.PA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCHCS.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCHCS.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.07 | NEUTRAL | The RSI value for TCHCS.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TCHCS.PA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests TCHCS.PA may be overbought. |
| Average True Range in percent/ATR (20) | 0.44 | LOW VOLATILITY | The low ATR as a percentage value for TCHCS.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.09 | POSITIVE | The high ADX value value for TCHCS.PA suggests a strong trend. |
Technicolor Creative Studios SA
EPA:TCHCS (12/29/2023, 7:00:00 PM)
1.63
0 (0%)