TERRA NITROGEN CO L P (TNH) Stock Technical Analysis
NYSE:TNH • US8810052014
Taking everything into account, TNH scores 4 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, TNH is a bad performer in the overall market: 72% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- TNH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TNH is lagging the market slightly.
- In the last month TNH has a been trading in a tight range between 83.60 and 84.00.
TNH 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. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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%)
TERRA NITROGEN CO L P / TNH FAQ
What is the ChartMill technical rating of TERRA NITROGEN CO L P (TNH) stock?
ChartMill assigns a technical rating of 4 / 10 to TNH.
What is the current trend direction of TERRA NITROGEN CO L P (TNH) stock?
The current trend direction for TERRA NITROGEN CO L P (TNH) is Bearish.
What is the RSI signal for TNH stock?
TERRA NITROGEN CO L P (TNH) has an RSI value of 54.1802. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TERRA NITROGEN CO L P?
The short term momentum for TERRA NITROGEN CO L P (TNH) is positive.