Terraform Power Inc (TERP) Technical Analysis
NASDAQ:TERP
Current stock price
TERP Technical Rating and Analysis
Overall TERP gets a technical rating of 8 out of 10. Both in the recent history as in the last year, TERP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, TERP did better than 77% of all other stocks.
- TERP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TERP is performing more or less in line with the market.
- TERP has an average volume of 1697920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TERP has a been trading in the 18.68 - 21.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TERP Weekly and Daily overview Charts
TERP Setup Rating and Analysis
Although TERP has an excellent technical rating, it does not offer a high 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.
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TERP Support and Resistance Analysis
14.71
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice 2 important areas.
- Resistance @19.47 from a trend line in the daily time frame.
- Resistance @21.35 from a horizontal line in the daily time frame.
TERP Technical Indicator Signal Analysis
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. |
TERP Chart- and CandleStick Pattern Analysis
TERP Technicals: Chart, Performance Metrics, Trend & Indicators
19.35
-1.46 (-7.02%)
Terraform Power Inc / TERP TA FAQ
What is the technical rating for TERP stock?
ChartMill assigns a technical rating of 8 / 10 to TERP.
What is the trend direction for TERP stock?
The current trend direction for Terraform Power Inc (TERP) is Bullish.
What is the RSI signal for TERP stock?
Terraform Power Inc (TERP) has an RSI value of 45.4775. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Terraform Power Inc?
Terraform Power Inc (TERP) has a support level at 19.2 and a resistance level at 19.47. Check the full technical report for our detailed analysis of TERP support and resistance levels.