Taubman Centers (TCO) Stock Technical Analysis
USA - NYSE:TCO -
Taking everything into account, TCO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TCO is only an average performer.
TCO has an excellent technical rating and also presents a decent setup pattern. 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 43.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.94, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
32.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 42.71 to 42.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.16 from a trend line in the weekly time frame.
- Support @33.29 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 43.00 to 43.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.45 from a horizontal 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 | UP | POSITIVE | The long term trend for TCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCO is up. |
| ChartMill Relative Strength | 79.17 | POSITIVE | TCO has a high relative strength, it outperformed 79.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TCO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 77.01 | OVERBOUGHT | The high RSI value suggests TCO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests TCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.13 | NEUTRAL | The Stochastics value for TCO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for TCO suggests low volalility. |
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 |
|---|---|---|---|
| 43.02 | 42.86 | 0.16 (0.37%) | 25.00% |
| An entry @43.02. This is a Buy Stop order right above the resistance zone. | An exit @42.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 0.37%. | For a 0.09% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
42.99
+0.04 (+0.09%)
Taubman Centers / TCO FAQ
Can you provide the ChartMill technical rating for Taubman Centers?
ChartMill assigns a technical rating of 8 / 10 to TCO.
What is the trend direction for TCO stock?
The current trend direction for Taubman Centers (TCO) is Bullish.
What is the RSI signal for Taubman Centers (TCO) stock?
Taubman Centers (TCO) has an RSI value of 77.0055. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Taubman Centers?
The short term momentum for Taubman Centers (TCO) is positive.
What are the support and resistance levels for Taubman Centers (TCO) stock?
Taubman Centers (TCO) has a support level at 42.94 and a resistance level at 43. Check the full technical report for our detailed analysis of TCO support and resistance levels.