TAYLOR MORRISON HOME CORP (TMHC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TMHC - US87724P1066 - Common Stock
Overall TMHC gets a technical rating of 5 out of 10. 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.
- 67% of all other stocks performed better in the past year than TMHC.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 is an average performer in the Household Durables industry, it outperforms 59% of 60 stocks in the same industry.
- TMHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TMHC is lagging the market.
TMHC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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53.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.03 to 59.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.93 from a horizontal line in the daily time frame.
- 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.
We can see 3 important resistance areas.
- Resistance @64.97 from a trend line in the daily time frame.
- 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 | 33.16 | 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) | 56.86 | NEUTRAL | The RSI value for TMHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests TMHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.52 | NEUTRAL | The Stochastics value for TMHC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for TMHC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.44 | NEUTRAL | The ADX value for TMHC suggests a possible start of a new trend. |
63.27
-0.88 (-1.37%)
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 5 / 10 to TMHC.
What is the trend direction for 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 56.8553. 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 0.50402, indicating a bearish trend.