TEL-INSTRUMENT ELECTRONICS (TIK) Stock Technical Analysis
USA - NYSEARCA:TIK -
3.6
+0.15 (+4.35%)
Taking everything into account, TIK scores 5 out of 10 in our technical rating. Although TIK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month TIK has a been trading in the 3.35 - 5.80 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that TIK is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, TIK also shows a nice and consistent pattern of rising prices.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
TIK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TIK is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, TIK does present a nice setup opportunity. 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 4.03. Right above this resistance zone may be a good entry point.
More info and screens
2.60
4.13
We found 2 important support areas.
- Support @3.44 from a horizontal line in the daily time frame.
- A support zone ranging from 2.63 to 2.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.03 to 4.09. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for TIK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TIK is down. |
| ChartMill Relative Strength | 93.97 | POSITIVE | TIK has a high relative strength, it outperformed 93.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TIK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TIK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TIK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.77 | NEUTRAL | The RSI value for TIK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TIK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.32 | NEUTRAL | The Stochastics value for TIK is a neutral value. |
| Average True Range in percent/ATR (20) | 9.44 | HIGH VOLATILITY | The high ATR as a percentage value for TIK suggests high volalility. |
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)
NYSEARCA:TIK (3/8/2019, 8:24:12 PM)
3.6
+0.15 (+4.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.35%
1 Week-10.45%
2 Weeks-4%
1 Month-28.71%
3 Month17.65%
6 Month26.32%
12 Month44.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%9.44%
ATR Inc-37.17%
Range Today0.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.97
Mansfield1.3
10 Day High4.04
10 Day Low3.35
20 Day High5.8
20 Day Low3.35
52 Week High6
52 Week Low2.05
CS1 End3.44
CR1 Start4.03
Volume & EV
DER(3)-2.37%
DER(5)-7.5%
Volume5.80K
Volume Incr-83.64%
Vol(5)11.86K
Vol(50)57.44K