TRIPLE FLAG PRECIOUS MET (TFPM) Stock Technical Analysis
NYSE:TFPM - New York Stock Exchange, Inc. - CA89679M1041 - Common Stock - Currency: USD
Overall TFPM gets a technical rating of 7 out of 10. In the last year, TFPM was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month TFPM has a been trading in the 22.82 - 25.45 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TFPM 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 TFPM is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that TFPM is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
TFPM is an average performer in the Metals & Mining industry, it outperforms 59% of 155 stocks in the same industry.
Besides having an excellent technical rating, TFPM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TFPM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.89
25.38
We found 4 important support areas.
- A support zone ranging from 22.54 to 23.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.87 to 22.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.97 from a trend line in the weekly time frame.
- Support @15.04 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @24.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 25.13 to 25.13. 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 TFPM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TFPM is neutral. |
| ChartMill Relative Strength | 83.35 | POSITIVE | TFPM has a high relative strength, it outperformed 83.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TFPM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TFPM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TFPM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.51 | NEUTRAL | The RSI value for TFPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests TFPM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.97 | NEUTRAL | The Stochastics value for TFPM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for TFPM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.03 | NEUTRAL | The ADX value for TFPM suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 24.74 | 22.81 | 1.93 (7.80%) | 12.82% |
| An entry @24.74. This is a Buy Stop order right above the resistance zone. | An exit @22.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.93 points, which is 7.80%. | For a 1.00% total portfolio risk, you can invest 12.82% of your capital in this trade. |
- 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.
23.6
+0.32 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.37%
1 Week-2.36%
2 Weeks-0.97%
1 Month-1.99%
3 Month10.07%
6 Month52.65%
12 Month43.38%
2 Year71.14%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%3.15%
ATR Inc-2.83%
Range Today0.55
ADR(20)0.68
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.35
Mansfield2.02
10 Day High24.6
10 Day Low22.82
20 Day High25.45
20 Day Low22.82
52 Week High25.45
52 Week Low13.94
CS1 End23.32
CR1 Start24.73
Volume & EV
DER(3)5.61%
DER(5)6.09%
Volume543.70K
Volume Incr25.37%
Vol(5)547.60K
Vol(50)545.17K