TEXF Technical Analysis - TEXAF

Technical Rating and Analysis

Taking everything into account, TEXF scores 4 out of 10 in our technical rating. In the past year, TEXF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

71% of all other stocks performed better in the past year than TEXF.

Warning: TEXF has an average volume of 727 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

TEXF is part of the Real Estate Management & Development industry. There are 74 other stocks in this industry, TEXF did better than 47% of them.

TEXF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TEXF is lagging the market slightly.

In the last month TEXF has a been trading in the 31.40 - 35.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

TEXF has an average technical rating and also the quality of the setup is only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

30.89

36.16

2 important support areas can be observed.

A support zone ranging from 32.80 to 33.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 31.20 to 31.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 34.62 to 35.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @35.80 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for TEXF.BR is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for TEXF.BR is neutral.
ChartMill Relative Strength	29.82	NEGATIVE	TEXF.BR has a low relative strength, it was outperformed by 70.18% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TEXF.BR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TEXF.BR is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TEXF.BR is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.48	NEUTRAL	The RSI value for TEXF.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests TEXF.BR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.83	NEUTRAL	The Stochastics value for TEXF.BR is a neutral value.
Average True Range in percent/ATR (20)	1.76	LOW VOLATILITY	The low ATR as a percentage value for TEXF.BR suggests low volalility.
Average Directional Index/ADX (14)	21.65	NEUTRAL	The ADX value for TEXF.BR suggests a possible start of a new trend.