TRIPLE FLAG PRECIOUS MET (TFPM) Stock Technical Analysis
USA - NYSE:TFPM - CA89679M1041 - Common Stock
Overall TFPM gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
TFPM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.01, a Stop Loss order could be placed below this zone.
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14.89
4 important support areas can be observed.
- A support zone ranging from 27.72 to 28.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.05 to 27.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.09 from a trend line in the weekly time frame.
- Support @15.04 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.53 to 29.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 TFPM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TFPM is down. |
| ChartMill Relative Strength | 90.81 | POSITIVE | TFPM has a high relative strength, it outperformed 90.81% 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 | MIXED | The current price of TFPM is below 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) | 48.56 | 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) | 25.38 | NEUTRAL | The Stochastics value for TFPM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for TFPM suggests some volalility. |
| Average Directional Index/ADX (14) | 26.23 | POSITIVE | The high ADX value value for TFPM suggests a strong trend. |
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 |
|---|---|---|---|
| 29.32 | 27.71 | 1.61 (5.49%) | 18.21% |
| An entry @29.32. This is a Buy Stop order right above the resistance zone. | An exit @27.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.61 points, which is 5.49%. | When investing 18.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TFPM. Please evaluate whether better entry and exit points can be found.
- 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.
28.52
+0.8 (+2.89%)
TRIPLE FLAG PRECIOUS MET / TFPM FAQ
What is the technical rating for TFPM stock?
ChartMill assigns a technical rating of 7 / 10 to TFPM.
What is the trend direction for TFPM stock?
The current trend direction for TRIPLE FLAG PRECIOUS MET (TFPM) is Bullish.
What is the RSI signal for TFPM stock?
TRIPLE FLAG PRECIOUS MET (TFPM) has an RSI value of 48.5581. This indicates that the stock is currently neutral.
What is the short term momentum for TRIPLE FLAG PRECIOUS MET (TFPM) stock?
The short term momentum for TRIPLE FLAG PRECIOUS MET (TFPM) is negative.
What is the support and resistance level for TFPM stock?
TRIPLE FLAG PRECIOUS MET (TFPM) has a support level at 28.01 and a resistance level at 28.53. Check the full technical report for our detailed analysis of TFPM support and resistance levels.