BLACKROCK TCP CAPITAL CORP (TCPC) Technical Analysis
NASDAQ:TCPC • US09259E1082
Overall TCPC gets a technical rating of 0 out of 10. TCPC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TCPC is a bad performer in the overall market: 94% of all stocks are doing better.
- TCPC is one of the lesser performing stocks in the Capital Markets industry. 83% of 238 stocks in the same industry do better.
- TCPC is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so TCPC is lagging the market.
- In the last month TCPC has a been trading in the 3.81 - 4.95 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- TCPC has an average volume of 1180970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of TCPC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.78
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.41 to 5.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.65 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 TCPC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TCPC is down. |
| ChartMill Relative Strength | 6.18 | NEGATIVE | TCPC has a low relative strength, it was outperformed by 93.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TCPC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TCPC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TCPC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.49 | OVERSOLD | The low RSI value suggests TCPC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TCPC has a negative trend. |
| Stochastics (14,3) | 13.53 | OVERSOLD | The low Stochastics value suggests TCPC may be oversold. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for TCPC suggests some volalility. |
| Average Directional Index/ADX (14) | 45.64 | POSITIVE | The high ADX value value for TCPC suggests a strong trend. |
TCPC Technicals: Chart, Performance Metrics, Trend & Indicators
3.82
-0.15 (-3.78%)
BLACKROCK TCP CAPITAL CORP / TCPC FAQ
What is the technical rating for TCPC stock?
ChartMill assigns a technical rating of 0 / 10 to TCPC.
What is the trend direction for TCPC stock?
The current trend direction for BLACKROCK TCP CAPITAL CORP (TCPC) is Bearish.
What is the RSI signal for TCPC stock?
BLACKROCK TCP CAPITAL CORP (TCPC) has an RSI value of 24.485. This indicates that the stock is currently oversold.
What is the short term momentum for TCPC stock?
The short term momentum for BLACKROCK TCP CAPITAL CORP (TCPC) is negative.
What is the buy/sell signal for BLACKROCK TCP CAPITAL CORP (TCPC) stock?
The buy/sell signal for BLACKROCK TCP CAPITAL CORP (TCPC) is sell as both the short term and long term trends are negative.