Tech Data Cp (TECD) Technical Analysis
NASDAQ:TECD
We assign a technical rating of 9 out of 10 to TECD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TECD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- TECD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TECD is leading the market.
- In the last month TECD has a been trading in the 134.78 - 145.40 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, TECD did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, TECD 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 144.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 144.11, 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
104.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 138.79 to 144.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @132.23 from a horizontal line in the weekly time frame.
- A support zone ranging from 127.63 to 127.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @105.36 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 144.91 to 144.91. 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 | UP | POSITIVE | The long term trend for TECD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECD is up. |
| ChartMill Relative Strength | 83.28 | POSITIVE | TECD has a high relative strength, it outperformed 83.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TECD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TECD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TECD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.1 | NEUTRAL | The RSI value for TECD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests TECD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.13 | OVERBOUGHT | The high Stochastics value suggests TECD may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for TECD 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 |
|---|---|---|---|
| 144.92 | 142.41 | 2.51 (1.74%) | 25.00% |
| An entry @144.92. This is a Buy Stop order right above the resistance zone. | An exit @142.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.51 points, which is 1.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- 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.
TECD Technicals: Chart, Performance Metrics, Trend & Indicators
144.9
+0.29 (+0.2%)
Tech Data Cp / TECD FAQ
Can you provide the ChartMill technical rating for Tech Data Cp?
ChartMill assigns a technical rating of 8 / 10 to TECD.
Can you provide the trend direction for Tech Data Cp?
The current trend direction for Tech Data Cp (TECD) is Bullish.
Can you provide the RSI signal for Tech Data Cp?
Tech Data Cp (TECD) has an RSI value of 65.1003. This indicates that the stock is currently neutral.
What is the MACD signal for Tech Data Cp (TECD) stock?
The MACD indicator for Tech Data Cp (TECD) has a value of 0.348973, indicating a bearish trend.
What is the support and resistance level for TECD stock?
Tech Data Cp (TECD) has a support level at 144.11 and a resistance level at 144.91. Check the full technical report for our detailed analysis of TECD support and resistance levels.