Fortune 500 Index Tracking Stock (TMW) Technical Analysis
NYSEARCA:TMW
Current stock price
TMW Technical Rating and Analysis
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.
- Warning: TMW has an average volume of 4755 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that TMW is one of the better performing stocks in the market, outperforming 75% of all stocks. On top of that, TMW also shows a nice and consistent pattern of rising prices.
- TMW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TMW is performing more or less in line with the market.
- In the last month TMW has a been trading in the 116.61 - 124.24 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
TMW Weekly and Daily overview Charts
TMW Setup Rating and Analysis
Although TMW has an excellent technical rating, it does not offer a high 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.
More info and screens
TMW Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
TMW Technical Indicator Signal Analysis
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. |
TMW Chart- and CandleStick Pattern Analysis
TMW Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA FAQ
What is the technical rating for TMW stock?
ChartMill assigns a technical rating of 7 / 10 to TMW.
What is the trend direction for 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 is the short term momentum for TMW stock?
The short term momentum for Fortune 500 Index Tracking Stock (TMW) is neutral.