TKTT Technical Analysis - TARKETT

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to TKTT. TKTT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

Warning: TKTT has an average volume of 3249 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that TKTT is one of the better performing stocks in the market, outperforming 92% of all stocks.

TKTT is one of the better performing stocks in the Building Products industry, it outperforms 94% of 19 stocks in the same industry.

TKTT 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 TKTT is lagging the market slightly.

In the last month TKTT has a been trading in a tight range between 16.30 and 16.65.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

TKTT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.34, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.14

17.37

When analyzing the support we notice one important area.

A support zone ranging from 16.30 to 16.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 16.35 to 16.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 17.20 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 TKTT.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for TKTT.PA is neutral.
ChartMill Relative Strength	92.22	POSITIVE	TKTT.PA has a high relative strength, it outperformed 92.22% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TKTT.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TKTT.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TKTT.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.5	NEUTRAL	The RSI value for TKTT.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests TKTT.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	24.6	NEUTRAL	The Stochastics value for TKTT.PA is a neutral value.
Average True Range in percent/ATR (20)	0.5	LOW VOLATILITY	The low ATR as a percentage value for TKTT.PA suggests low volalility.
Average Directional Index/ADX (14)	31.54	POSITIVE	The high ADX value value for TKTT.PA suggests a strong trend.