TCP Pipelines (TCP) Stock Technical Analysis
USA - NYSE:TCP -
30.21
+0.49 (+1.65%)
29.9971
-0.21 (-0.7%)
Overall TCP gets a technical rating of 3 out of 10. In the last year, TCP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, TCP is a bad performer in the overall market: 98% of all stocks are doing better.
In the last month TCP has a been trading in the 29.01 - 31.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
TCP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TCP is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, TCP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 29.12, 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
25.64
33.48
3 important support areas can be observed.
- Support @29.12 from a horizontal line in the daily time frame.
- Support @26.54 from a trend line in the weekly time frame.
- Support @25.90 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 30.22 to 30.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.71 to 32.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 33.15 to 33.15. 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 | NEUTRAL | NEUTRAL | The long term trend for TCP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TCP is neutral. |
| ChartMill Relative Strength | 2.88 | NEGATIVE | TCP has a low relative strength, it was outperformed by 97.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TCP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TCP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TCP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.18 | NEUTRAL | The RSI value for TCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TCP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.48 | NEUTRAL | The Stochastics value for TCP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for TCP suggests some volalility. |
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)
30.21
+0.49 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.65%
1 Week-1.21%
2 Weeks-2.49%
1 Month1.68%
3 Month-8.87%
6 Month2.03%
12 Month-21.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.2%
ATR Inc48.32%
Range Today0.87
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.88
Mansfield-1.69
10 Day High31.68
10 Day Low29.01
20 Day High31.68
20 Day Low29.01
52 Week High37.24
52 Week Low18
CS1 End29.12
CR1 Start30.22
Volume & EV
DER(3)0.21%
DER(5)-0.91%
Volume4.20M
Volume Incr933.99%
Vol(5)4.09M
Vol(50)812.31K