TACTILE SYSTEMS TECHNOLOGY I (TCMD) Stock Technical Analysis
NASDAQ:TCMD - Nasdaq - US87357P1003 - Common Stock - Currency: USD
Overall TCMD gets a technical rating of 0 out of 10. TCMD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TCMD is a bad performer in the overall market: 92% of all stocks are doing better.
TCMD is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 69% are performing better than TCMD.
TCMD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TCMD has a been trading in the 9.75 - 10.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TCMD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.93, a Stop Loss order could be placed below this zone.
More info and screens
9.32
12.10
We found 2 important support areas.
- A support zone ranging from 9.81 to 9.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.41 to 9.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.32 to 10.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.93 to 10.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.98 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for TCMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TCMD is down. |
| ChartMill Relative Strength | 8.74 | NEGATIVE | TCMD has a low relative strength, it was outperformed by 91.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TCMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TCMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TCMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.95 | NEUTRAL | The RSI value for TCMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TCMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.62 | NEUTRAL | The Stochastics value for TCMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TCMD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.9 | NEGATIVE | The low ADX value for TCMD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.96
-0.3 (-2.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.92%
1 Week-1.68%
2 Weeks-2.73%
1 Month-0.7%
3 Month-24.94%
6 Month-42.19%
12 Month-17.14%
2 Year-56.53%
3 Year28.52%
5 Year-75.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%3.09%
ATR Inc5.77%
Range Today0.26
ADR(20)0.3
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.74
Mansfield-3.42
10 Day High10.52
10 Day Low9.75
20 Day High10.52
20 Day Low9.75
52 Week High21.1
52 Week Low8.61
CS1 End9.93
CR1 Start10.32
Volume & EV
DER(3)1.54%
DER(5)-0.47%
Volume132.80K
Volume Incr-31.66%
Vol(5)165.56K
Vol(50)330.23K