TAYLOR MORRISON HOME CORP (TMHC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TMHC - US87724P1066 - Common Stock
We assign a technical rating of 3 out of 10 to TMHC. Recently some decent action could be observed, but in the medium term time frame this is still negative. TMHC was also a bad performer in the overall market in the last year.
The technical rating of TMHC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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53.38
We found 4 important support areas.
- A support zone ranging from 59.73 to 60.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.93 to 58.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.77 from a horizontal line in the weekly time frame.
- A support zone ranging from 53.92 to 54.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 71.84 to 71.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @73.87 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 | NEUTRAL | NEUTRAL | The long term trend for TMHC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMHC is up. |
| ChartMill Relative Strength | 23.3 | NEGATIVE | TMHC has a low relative strength, it was outperformed by 76.7% off all stocks 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) | DOWN | MIXED | The current price of TMHC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TMHC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.5 | NEUTRAL | The RSI value for TMHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests TMHC has a positive trend. |
| Stochastics (14,3) | 91.81 | OVERBOUGHT | The high Stochastics value suggests TMHC may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for TMHC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.4 | NEUTRAL | The ADX value for TMHC suggests a possible start of a new trend. |
62.69
-0.68 (-1.07%)
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 3 / 10 to TMHC.
What is the current trend direction of TAYLOR MORRISON HOME CORP (TMHC) stock?
The current trend direction for TAYLOR MORRISON HOME CORP (TMHC) is Bearish.
What is the RSI signal for TAYLOR MORRISON HOME CORP (TMHC) stock?
TAYLOR MORRISON HOME CORP (TMHC) has an RSI value of 58.5002. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TAYLOR MORRISON HOME CORP?
The short term momentum for TAYLOR MORRISON HOME CORP (TMHC) is positive.
What are the support and resistance levels for TAYLOR MORRISON HOME CORP (TMHC) stock?
TAYLOR MORRISON HOME CORP (TMHC) has a support level at 60.25 and a resistance level at 71.84. Check the full technical report for our detailed analysis of TMHC support and resistance levels.