TJX COMPANIES INC (TJX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TJX - US8725401090 - Common Stock
Taking everything into account, TJX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TJX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, TJX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 149.35, a Stop Loss order could be placed below this zone.
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109.59
5 important support areas can be observed.
- A support zone ranging from 144.20 to 149.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 138.55 to 140.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 129.35 to 131.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 123.98 to 124.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @110.70 from a horizontal line in the weekly 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 TJX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TJX is up. |
| ChartMill Relative Strength | 81.49 | POSITIVE | TJX has a high relative strength, it outperformed 81.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TJX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TJX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TJX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.88 | NEUTRAL | The RSI value for TJX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests TJX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.24 | NEUTRAL | The Stochastics value for TJX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for TJX suggests low volalility. |
| Average Directional Index/ADX (14) | 30.23 | POSITIVE | The high ADX value value for TJX 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 |
|---|---|---|---|
| 154.67 | 143.81 | 10.87 (7.03%) | 14.23% |
| An entry @154.67. This is a Buy Stop order right above the 10 day high. | An exit @143.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.87 points, which is 7.03%. | When investing 14.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
151.13
-0.79 (-0.52%)
TJX COMPANIES INC / TJX FAQ
Can you provide the ChartMill technical rating for TJX COMPANIES INC?
ChartMill assigns a technical rating of 10 / 10 to TJX.
Can you provide the trend direction for TJX COMPANIES INC?
The current trend direction for TJX COMPANIES INC (TJX) is Bullish.
What is the RSI signal for TJX stock?
TJX COMPANIES INC (TJX) has an RSI value of 61.8753. This indicates that the stock is currently neutral.
What is the MACD signal for TJX COMPANIES INC (TJX) stock?
The MACD indicator for TJX COMPANIES INC (TJX) has a value of 0.490047, indicating a bearish trend.
What is the buy/sell signal for TJX stock?
The buy/sell signal for TJX COMPANIES INC (TJX) is buy as both the short term and long term trends are positive.