We assign a technical rating of 8 out of 10 to TERP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TERP is showing a nice and steady performance.
Although TERP has an excellent technical rating, it does not present a decent entry opportunity 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
14.71
We found 3 important support areas.
- A support zone ranging from 18.73 to 19.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.51 to 17.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.86 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @19.47 from a trend line in the daily time frame.
- Resistance @21.35 from a horizontal line in the daily 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 TERP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TERP is neutral. |
| ChartMill Relative Strength | 77.01 | POSITIVE | TERP has a high relative strength, it outperformed 77.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TERP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TERP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TERP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.48 | NEUTRAL | The RSI value for TERP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests TERP has a negative trend. |
| Stochastics (14,3) | 31.05 | NEUTRAL | The Stochastics value for TERP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for TERP suggests some volalility. |
19.35
-1.46 (-7.02%)
Terraform Power Inc / TERP FAQ
What is the technical rating for TERP stock?
ChartMill assigns a technical rating of 8 / 10 to TERP.
What is the current trend direction of Terraform Power Inc (TERP) stock?
The current trend direction for Terraform Power Inc (TERP) is Bullish.
What is the RSI signal for Terraform Power Inc (TERP) stock?
Terraform Power Inc (TERP) has an RSI value of 45.4775. This indicates that the stock is currently neutral.
What is the MACD signal for TERP stock?
The MACD indicator for Terraform Power Inc (TERP) has a value of -0.181249, indicating a bearish trend.