TRIPLE FLAG PRECIOUS MET (TFPM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TFPM - CA89679M1041 - Common Stock
Taking everything into account, TFPM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TFPM is showing a nice and steady performance.
Besides having an excellent technical rating, TFPM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 35.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.46, 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.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 32.10 to 33.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.39 from a trend line in the weekly time frame.
- Support @30.19 from a trend line in the daily time frame.
- Support @28.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.50 to 35.50. 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 | UP | POSITIVE | The short term trend for TFPM is up. |
| ChartMill Relative Strength | 95.11 | POSITIVE | TFPM has a high relative strength, it outperformed 95.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TFPM is above the rising 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) | 60.02 | NEUTRAL | The RSI value for TFPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TFPM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.17 | NEUTRAL | The Stochastics value for TFPM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for TFPM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.61 | NEGATIVE | The low ADX value for TFPM suggests a weak or negative 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 |
|---|---|---|---|
| 35.51 | 31.92 | 3.59 (10.11%) | 9.89% |
| An entry @35.51. This is a Buy Stop order right above the resistance zone. | An exit @31.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.59 points, which is 10.11%. | For a 1.00% total portfolio risk, you can invest 9.89% 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.
35.1
+0.27 (+0.78%)
TRIPLE FLAG PRECIOUS MET / TFPM FAQ
What is the technical rating for TFPM stock?
ChartMill assigns a technical rating of 10 / 10 to TFPM.
Can you provide the trend direction for TRIPLE FLAG PRECIOUS MET?
The current trend direction for TRIPLE FLAG PRECIOUS MET (TFPM) is Bullish.
Can you provide the RSI signal for TRIPLE FLAG PRECIOUS MET?
TRIPLE FLAG PRECIOUS MET (TFPM) has an RSI value of 60.0178. 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 positive.
Can you provide the buy/sell signal for TRIPLE FLAG PRECIOUS MET?
The buy/sell signal for TRIPLE FLAG PRECIOUS MET (TFPM) is buy as both the short term and long term trends are positive.