TERRA NITROGEN CO L P (TNH) Stock Technical Analysis
NYSE:TNH - New York Stock Exchange, Inc. - US8810052014
Overall TNH gets a technical rating of 4 out of 10. TNH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, TNH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 83.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
79.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 83.52 to 83.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.77 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 84.60 to 87.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TNH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNH is up. |
| ChartMill Relative Strength | 28.39 | NEGATIVE | TNH has a low relative strength, it was outperformed by 71.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TNH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TNH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.18 | NEUTRAL | The RSI value for TNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TNH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.5 | OVERBOUGHT | The high Stochastics value suggests TNH may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for TNH suggests low volalility. |
83.96
+0.01 (+0.01%)