Overall TMW gets a technical rating of 7 out of 10. In the last year, TMW was one of the better performers, but we do observe some doubts in the very recent evolution.
Although TMW has an excellent technical rating, it does not present a decent entry opportunity 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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118.44
When analyzing the support we notice one important area.
- A support zone ranging from 119.64 to 121.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 123.49 to 124.94. This zone is formed by a combination of multiple trend lines in the daily 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 TMW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TMW is neutral. |
| ChartMill Relative Strength | 75.02 | POSITIVE | TMW has a high relative strength, it outperformed 75.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TMW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.33 | NEUTRAL | The RSI value for TMW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests TMW has a positive trend. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for TMW suggests low volalility. |
Fortune 500 Index Tracking Stock
NYSEARCA:TMW (7/8/2013, 1:45:09 PM)
122.99
+0.97 (+0.79%)
Fortune 500 Index Tracking Stock / TMW FAQ
What is the technical rating for TMW stock?
ChartMill assigns a technical rating of 7 / 10 to TMW.
What is the current trend direction of Fortune 500 Index Tracking Stock (TMW) stock?
The current trend direction for Fortune 500 Index Tracking Stock (TMW) is Bullish.
What is the RSI signal for TMW stock?
Fortune 500 Index Tracking Stock (TMW) has an RSI value of 57.3259. This indicates that the stock is currently neutral.
What are the support and resistance levels for Fortune 500 Index Tracking Stock (TMW) stock?
Fortune 500 Index Tracking Stock (TMW) has a support level at 121.94 and a resistance level at 123.49. Check the full technical report for our detailed analysis of TMW support and resistance levels.