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. 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that TERP is one of the better performing stocks in the market, outperforming 77% of all stocks.
- TERP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TERP is lagging the market slightly.
- 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.
More info and screens
TERP Support and Resistance Analysis
14.71
When analyzing the support we can see 3 important 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.
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.
Can you provide the trend direction for Terraform Power Inc?
The current trend direction for Terraform Power Inc (TERP) is Bullish.
Can you provide the RSI signal for Terraform Power Inc?
Terraform Power Inc (TERP) has an RSI value of 45.4775. This indicates that the stock is currently neutral.
What is the support and resistance level for TERP stock?
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.