NYSEARCA:TMP - NYSE Arca - US8901101092 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to TMP. TMP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although TMP has an excellent technical rating, the quality of the presented setup is not ideal 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.
55.53
We found 2 important support areas.
When analyzing the resistance we notice one important area.
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 TMP is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMP is up. |
ChartMill Relative Strength | 80.22 | POSITIVE | TMP has a high relative strength, it outperformed 80.22% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMP is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMP is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMP is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 59.48 | NEUTRAL | The RSI value for TMP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests TMP has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 89.61 | OVERBOUGHT | The high Stochastics value suggests TMP may be overbought. |
Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TMP suggests some volalility. |
Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for TMP 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 |
---|---|---|---|
67.65 | 62.36 | 5.29 (7.82%) | 12.79% |
An entry @67.65. This is a Buy Stop order right above the resistance zone. | An exit @62.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.29 points, which is 7.82%. | For a 1.00% total portfolio risk, you can invest 12.79% of your capital in this trade. |
66.01
-1.63 (-2.41%)