TCP Pipelines (TCP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TCP
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.
- 98% of all other stocks performed better in the past year than TCP.
- 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.
TCP has a bad technical rating, but it does show a decent setup pattern. 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
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice 3 important 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. |
30.21
+0.49 (+1.65%)
TCP Pipelines / TCP FAQ
What is the technical rating for TCP stock?
ChartMill assigns a technical rating of 3 / 10 to TCP.
What is the trend direction for TCP stock?
The current trend direction for TCP Pipelines (TCP) is Bearish.
Can you provide the RSI signal for TCP Pipelines?
TCP Pipelines (TCP) has an RSI value of 49.178. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TCP Pipelines?
The MACD indicator for TCP Pipelines (TCP) has a value of -0.0926402, indicating a bearish trend.
What is the short term momentum for TCP Pipelines (TCP) stock?
The short term momentum for TCP Pipelines (TCP) is neutral.