TJX COMPANIES INC (TJX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TJX - US8725401090 - Common Stock
Overall TJX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TJX is showing a nice and steady performance.
TJX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 157.12. Right above this resistance zone may be a good entry point.
More info and screens
109.59
We found 6 important support areas.
- A support zone ranging from 148.99 to 150.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @144.54 from a horizontal line in the daily time frame.
- 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.
- Support @131.04 from a trend line in the weekly time frame.
- 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 157.12 to 158.01. 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 | 85.47 | POSITIVE | TJX has a high relative strength, it outperformed 85.47% 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) | 62.66 | NEUTRAL | The RSI value for TJX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TJX has a negative trend. |
| Stochastics (14,3) | 83.59 | OVERBOUGHT | The high Stochastics value suggests TJX may be overbought. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for TJX suggests low volalility. |
| Average Directional Index/ADX (14) | 42.31 | 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 |
|---|---|---|---|
| 158.02 | 154.14 | 3.88 (2.46%) | 25.00% |
| An entry @158.02. This is a Buy Stop order right above the resistance zone. | An exit @154.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.88 points, which is 2.46%. | For a 0.61% 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.
156.47
-0.64 (-0.41%)
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 62.6635. 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 -0.151416, 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.