TJX COMPANIES INC (TJX) Stock Technical Analysis
USA - NYSE:TJX - US8725401090 - Common Stock
We assign a technical rating of 9 out of 10 to TJX. 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.
Although TJX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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109.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 138.55 to 143.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 126.16 to 129.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.98 from a horizontal line in the daily time frame.
- Support @110.70 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 146.73 to 146.73. 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 TJX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TJX is up. |
| ChartMill Relative Strength | 79.79 | POSITIVE | TJX has a high relative strength, it outperformed 79.79% 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) | 63.42 | NEUTRAL | The RSI value for TJX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests TJX has a positive trend. |
| Stochastics (14,3) | 85.68 | OVERBOUGHT | The high Stochastics value suggests TJX may be overbought. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for TJX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.99 | NEGATIVE | The low ADX value for TJX suggests a weak or negative trend. |
146.72
+2.11 (+1.46%)
TJX COMPANIES INC / TJX FAQ
Can you provide the ChartMill technical rating for TJX COMPANIES INC?
ChartMill assigns a technical rating of 9 / 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 63.419. 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 0.248847, 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.