TJX COMPANIES INC (TJX) Technical Analysis
NYSE:TJX • US8725401090
Current stock price
TJX Technical Rating and Analysis
Taking everything into account, TJX scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TJX is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- TJX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TJX is lagging the market slightly.
- In the last month TJX has a been trading in the 154.46 - 165.82 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- TJX has an average volume of 4644180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, TJX turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- TJX is part of the Specialty Retail industry. There are 123 other stocks in this industry, TJX did better than 68% of them.
TJX Weekly and Daily overview Charts
TJX Setup Rating and Analysis
Although the technical rating is only medium, TJX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 158.42, a Stop Loss order could be placed below this zone.
More info and screens
TJX Support and Resistance Analysis
145.99
We found 2 important support areas.
- A support zone ranging from 155.82 to 158.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 147.46 to 151.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 158.74 to 161.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @165.01 from a horizontal line in the daily time frame.
TJX 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 TJX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TJX is neutral. |
| ChartMill Relative Strength | 66.14 | NEUTRAL | TJX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TJX is below 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) | 48.74 | NEUTRAL | The RSI value for TJX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests TJX has a negative trend. |
| Stochastics (14,3) | 28.9 | NEUTRAL | The Stochastics value for TJX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for TJX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.04 | NEGATIVE | The low ADX value for TJX suggests a weak or negative trend. |
TJX Chart- and CandleStick Pattern Analysis
TJX 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 |
|---|---|---|---|
| 161.68 | 156.41 | 5.27 (3.26%) | 25.00% |
| An entry @161.68. This is a Buy Stop order right above the resistance zone. | An exit @156.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.27 points, which is 3.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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.
TJX Technicals: Chart, Performance Metrics, Trend & Indicators
158.47
-0.78 (-0.49%)
TJX COMPANIES INC / TJX TA FAQ
Can you provide the ChartMill technical rating for TJX COMPANIES INC?
ChartMill assigns a technical rating of 6 / 10 to TJX.
What is the current trend direction of TJX COMPANIES INC (TJX) stock?
The current trend direction for TJX COMPANIES INC (TJX) is Bullish.
What is the RSI signal for TJX COMPANIES INC (TJX) stock?
TJX COMPANIES INC (TJX) has an RSI value of 48.7372. This indicates that the stock is currently neutral.
What are the support and resistance levels for TJX COMPANIES INC (TJX) stock?
TJX COMPANIES INC (TJX) has a support level at 158.42 and a resistance level at 158.74. Check the full technical report for our detailed analysis of TJX support and resistance levels.