TEXTAINER GROUP HOLDINGS LTD (TGH) Technical Analysis
NYSE:TGH • BMG8766E1093
Current stock price
TGH Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TGH. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TGH is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TGH is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, TGH also shows a nice and consistent pattern of rising prices.
- TGH is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 89% of 47 stocks in the same industry.
- TGH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TGH has a been trading in a tight range between 49.72 and 50.15.
TGH Weekly and Daily overview Charts
TGH Setup Rating and Analysis
TGH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 49.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
TGH Support and Resistance Analysis
36.56
We found 2 important support areas.
- A support zone ranging from 49.04 to 49.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.10 to 50.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
TGH 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 TGH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGH is up. |
| ChartMill Relative Strength | 87.45 | POSITIVE | TGH has a high relative strength, it outperformed 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.74 | NEUTRAL | The RSI value for TGH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TGH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.31 | NEUTRAL | The Stochastics value for TGH is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for TGH suggests low volalility. |
| Average Directional Index/ADX (14) | 47.8 | POSITIVE | The high ADX value value for TGH suggests a strong trend. |
TGH Chart- and CandleStick Pattern Analysis
TGH Example Setup
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 |
|---|---|---|---|
| 50.01 | 49.87 | 0.14 (0.28%) | 25.00% |
| An entry @50.01. This is a Buy Stop order right above the 10 day high. | An exit @49.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.14 points, which is 0.28%. | For a 0.07% total portfolio risk, you can invest 25.00% 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.
TGH Technicals: Chart, Performance Metrics, Trend & Indicators
49.99
+0.02 (+0.04%)
TEXTAINER GROUP HOLDINGS LTD / TGH TA FAQ
Can you provide the ChartMill technical rating for TEXTAINER GROUP HOLDINGS LTD?
ChartMill assigns a technical rating of 10 / 10 to TGH.
Can you provide the trend direction for TEXTAINER GROUP HOLDINGS LTD?
The current trend direction for TEXTAINER GROUP HOLDINGS LTD (TGH) is Bullish.
What is the RSI signal for TGH stock?
TEXTAINER GROUP HOLDINGS LTD (TGH) has an RSI value of 63.7384. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TEXTAINER GROUP HOLDINGS LTD?
The short term momentum for TEXTAINER GROUP HOLDINGS LTD (TGH) is positive.
Can you provide the buy/sell signal for TEXTAINER GROUP HOLDINGS LTD?
The buy/sell signal for TEXTAINER GROUP HOLDINGS LTD (TGH) is buy as both the short term and long term trends are positive.