TAYLOR MORRISON HOME CORP (TMHC) Stock Technical Analysis
NYSE:TMHC • US87724P1066
We assign a technical rating of 8 out of 10 to TMHC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TMHC is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- TMHC 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 TMHC is lagging the market slightly.
- TMHC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- TMHC has an average volume of 1071880 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, TMHC turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- TMHC is an average performer in the Household Durables industry, it outperforms 62% of 60 stocks in the same industry.
TMHC 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 very little resistance above the current price. There is a support zone below the current price at 64.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
53.68
We found 4 important support areas.
- A support zone ranging from 62.66 to 64.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.60 from a horizontal line in the daily time frame.
- A support zone ranging from 57.23 to 59.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.22 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @67.93 from a horizontal line in the daily time frame.
- Resistance @71.84 from a horizontal line in the weekly time frame.
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 TMHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMHC is up. |
| ChartMill Relative Strength | 65.02 | NEUTRAL | TMHC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.48 | NEUTRAL | The RSI value for TMHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests TMHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.86 | NEUTRAL | The Stochastics value for TMHC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for TMHC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.83 | NEUTRAL | The ADX value for TMHC suggests a possible start of a new 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 |
|---|---|---|---|
| 67.94 | 63.81 | 4.14 (6.09%) | 16.43% |
| An entry @67.94. This is a Buy Stop order right above the resistance zone. | An exit @63.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.14 points, which is 6.09%. | For a 1.00% total portfolio risk, you can invest 16.43% 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.
67.91
+0.82 (+1.22%)
TAYLOR MORRISON HOME CORP / TMHC FAQ
What is the ChartMill technical rating of TAYLOR MORRISON HOME CORP (TMHC) stock?
ChartMill assigns a technical rating of 8 / 10 to TMHC.
What is the trend direction for TMHC stock?
The current trend direction for TAYLOR MORRISON HOME CORP (TMHC) is Bullish.
What is the RSI signal for TAYLOR MORRISON HOME CORP (TMHC) stock?
TAYLOR MORRISON HOME CORP (TMHC) has an RSI value of 63.4814. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TAYLOR MORRISON HOME CORP?
The MACD indicator for TAYLOR MORRISON HOME CORP (TMHC) has a value of 0.277385, indicating a bearish trend.
What is the buy/sell signal for TAYLOR MORRISON HOME CORP (TMHC) stock?
The buy/sell signal for TAYLOR MORRISON HOME CORP (TMHC) is buy as both the short term and long term trends are positive.