TIMKEN CO (TKR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TKR - US8873891043 - Common Stock
Overall TKR gets a technical rating of 8 out of 10. Although TKR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, TKR 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 a resistance zone just above the current price starting at 87.09. Right above this resistance zone may be a good entry point.
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5 important support areas can be observed.
- Support @79.16 from a horizontal line in the daily time frame.
- A support zone ranging from 75.55 to 76.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 73.68 to 74.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @72.15 from a trend line in the daily time frame.
- Support @70.44 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 87.09 to 88.71. 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 TKR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TKR is up. |
| ChartMill Relative Strength | 79.94 | POSITIVE | TKR has a high relative strength, it outperformed 79.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TKR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TKR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TKR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.19 | NEUTRAL | The RSI value for TKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests TKR has a negative trend. |
| Stochastics (14,3) | 34.17 | NEUTRAL | The Stochastics value for TKR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for TKR suggests some volalility. |
| Average Directional Index/ADX (14) | 30.18 | POSITIVE | The high ADX value value for TKR 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 |
|---|---|---|---|
| 85.57 | 83.75 | 1.82 (2.12%) | 25.00% |
| An entry @85.57. This is a Buy Stop order right above the 10 day moving average. | An exit @83.75. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.82 points, which is 2.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of TKR. Please evaluate whether better entry and exit points can be found.
- 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.
84.13
-1.68 (-1.96%)
TIMKEN CO / TKR FAQ
What is the ChartMill technical rating of TIMKEN CO (TKR) stock?
ChartMill assigns a technical rating of 8 / 10 to TKR.
Can you provide the trend direction for TIMKEN CO?
The current trend direction for TIMKEN CO (TKR) is Bullish.
Can you provide the RSI signal for TIMKEN CO?
TIMKEN CO (TKR) has an RSI value of 51.1932. This indicates that the stock is currently neutral.
What is the MACD signal for TKR stock?
The MACD indicator for TIMKEN CO (TKR) has a value of -0.371061, indicating a bearish trend.
What is the short term momentum for TKR stock?
The short term momentum for TIMKEN CO (TKR) is positive.