TJX COMPANIES INC (TJX) Stock Technical Analysis
NYSE:TJX • US8725401090
Taking everything into account, TJX scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TJX is one of the better performing stocks in the market, outperforming 73% of all stocks. We also observe that the gains produced by TJX over the past year are nicely spread over this period.
- TJX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TJX has a been trading in the 145.83 - 158.50 range, which is quite wide. It is currently trading near the high of this range.
- TJX has an average volume of 5121310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TJX is part of the Specialty Retail industry. There are 123 other stocks in this industry, TJX did better than 67% of them.
TJX has an excellent technical rating and also presents a decent setup pattern. 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 158.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 156.71, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
109.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 152.77 to 156.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 145.18 to 150.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @134.01 from a trend line in the weekly time frame.
- Support @110.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 158.24 to 158.26. 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 | 73.76 | POSITIVE | TJX has a high relative strength, it outperformed 73.76% 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) | 60.56 | NEUTRAL | The RSI value for TJX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests TJX has a positive trend. |
| Stochastics (14,3) | 96.18 | OVERBOUGHT | The high Stochastics value suggests TJX may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for TJX suggests low volalility. |
| Average Directional Index/ADX (14) | 14.21 | NEGATIVE | The low ADX value for TJX suggests a weak or negative 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 |
|---|---|---|---|
| 158.27 | 152.76 | 5.51 (3.48%) | 25.00% |
| An entry @158.27. This is a Buy Stop order right above the resistance zone. | An exit @152.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.51 points, which is 3.48%. | For a 0.87% 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.
158.23
+1.72 (+1.1%)
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.
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 stock?
TJX COMPANIES INC (TJX) has an RSI value of 60.5641. This indicates that the stock is currently neutral.
What is the MACD signal for TJX stock?
The MACD indicator for TJX COMPANIES INC (TJX) has a value of 0.606954, indicating a bearish trend.
What are the support and resistance levels for TJX COMPANIES INC (TJX) stock?
TJX COMPANIES INC (TJX) has a support level at 156.71 and a resistance level at 158.24. Check the full technical report for our detailed analysis of TJX support and resistance levels.