TACTILE SYSTEMS TECHNOLOGY I (TCMD) Stock Technical Analysis
USA - NASDAQ:TCMD - US87357P1003 - Common Stock
Taking everything into account, TCMD scores 7 out of 10 in our technical rating. TCMD has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, TCMD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.29, a Stop Loss order could be placed below this zone.
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9.44
3 important support areas can be observed.
- A support zone ranging from 13.07 to 13.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.81 from a horizontal line in the daily time frame.
- Support @9.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.81 to 13.81. 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 TCMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCMD is up. |
| ChartMill Relative Strength | 76.98 | POSITIVE | TCMD has a high relative strength, it outperformed 76.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TCMD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.81 | NEUTRAL | The RSI value for TCMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TCMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.58 | NEUTRAL | The Stochastics value for TCMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for TCMD suggests some volalility. |
| Average Directional Index/ADX (14) | 43.79 | POSITIVE | The high ADX value value for TCMD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.82 | 13.06 | 0.76 (5.50%) | 18.18% |
| An entry @13.82. This is a Buy Stop order right above the resistance zone. | An exit @13.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 5.50%. | When investing 18.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.8
+0.28 (+2.07%)