TACTILE SYSTEMS TECHNOLOGY I (TCMD) Stock Technical Analysis
NASDAQ:TCMD • US87357P1003
Overall TCMD gets a technical rating of 7 out of 10. In the last year, TCMD was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TCMD has a been trading in the 26.00 - 37.77 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, TCMD did better than 91% of all other stocks.
- TCMD is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry. TCMD outperforms 94% of them.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- TCMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TCMD is lagging the market.
TCMD has an excellent technical rating, but the quality of the setup is only medium 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
22.38
We found 3 important support areas.
- A support zone ranging from 26.99 to 27.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.45 to 26.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.61 from a trend 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 | UP | POSITIVE | The long term trend for TCMD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TCMD is neutral. |
| ChartMill Relative Strength | 91.82 | POSITIVE | TCMD has a high relative strength, it outperformed 91.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TCMD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TCMD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.69 | NEUTRAL | The RSI value for TCMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests TCMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.04 | NEUTRAL | The Stochastics value for TCMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for TCMD suggests high volalility. |
| Average Directional Index/ADX (14) | 25.66 | POSITIVE | The high ADX value value for TCMD suggests a strong trend. |
28.72
+0.47 (+1.66%)
TACTILE SYSTEMS TECHNOLOGY I / TCMD FAQ
Can you provide the ChartMill technical rating for TACTILE SYSTEMS TECHNOLOGY I?
ChartMill assigns a technical rating of 7 / 10 to TCMD.
What is the current trend direction of TACTILE SYSTEMS TECHNOLOGY I (TCMD) stock?
The current trend direction for TACTILE SYSTEMS TECHNOLOGY I (TCMD) is Bullish.
What is the RSI signal for TCMD stock?
TACTILE SYSTEMS TECHNOLOGY I (TCMD) has an RSI value of 50.6853. This indicates that the stock is currently neutral.
What is the MACD signal for TCMD stock?
The MACD indicator for TACTILE SYSTEMS TECHNOLOGY I (TCMD) has a value of 0.154252, indicating a bearish trend.
What are the support and resistance levels for TACTILE SYSTEMS TECHNOLOGY I (TCMD) stock?
TACTILE SYSTEMS TECHNOLOGY I (TCMD) has a support level at 27.02. Check the full technical report for our detailed analysis of TCMD support and resistance levels.