TANDY LEATHER FACTORY INC (TLF) Stock Technical Analysis
USA - NASDAQ:TLF - US87538X1054 - Common Stock
Overall TLF gets a technical rating of 0 out of 10. TLF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
TLF has a bad 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 2.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TLF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.77
We found 2 important support areas.
- A support zone ranging from 2.96 to 2.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.80 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.01 to 3.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for TLF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TLF is neutral. |
| ChartMill Relative Strength | 12.41 | NEGATIVE | TLF has a low relative strength, it was outperformed by 87.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TLF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TLF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TLF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.24 | NEUTRAL | The RSI value for TLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TLF has a negative trend. |
| Stochastics (14,3) | 40.37 | NEUTRAL | The Stochastics value for TLF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for TLF suggests some volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for TLF suggests a weak or negative trend. |
2.99
-0.02 (-0.66%)
TANDY LEATHER FACTORY INC / TLF FAQ
What is the ChartMill technical rating of TANDY LEATHER FACTORY INC (TLF) stock?
ChartMill assigns a technical rating of 0 / 10 to TLF.
Can you provide the trend direction for TANDY LEATHER FACTORY INC?
The current trend direction for TANDY LEATHER FACTORY INC (TLF) is Bearish.
What is the RSI signal for TLF stock?
TANDY LEATHER FACTORY INC (TLF) has an RSI value of 44.2376. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TANDY LEATHER FACTORY INC?
The short term momentum for TANDY LEATHER FACTORY INC (TLF) is neutral.
What is the support and resistance level for TLF stock?
TANDY LEATHER FACTORY INC (TLF) has a support level at 2.97 and a resistance level at 3.01. Check the full technical report for our detailed analysis of TLF support and resistance levels.