TPB Technical Analysis - TURNING POINT BRANDS INC

Technical Rating and Analysis

Taking everything into account, TPB scores 5 out of 10 in our technical rating. In the last year, TPB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month TPB has a been trading in the 82.69 - 100.00 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, TPB did better than 92% of all other stocks. We also observe that the gains produced by TPB over the past year are nicely spread over this period.

TPB is one of the better performing stocks in the Tobacco industry, it outperforms 85% of 8 stocks in the same industry.

TPB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TPB is lagging the market slightly.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TURNING POINT BRANDS INC / TPB Weekly stock chart

TURNING POINT BRANDS INC / TPB Daily stock chart

Setup Rating and Analysis

TPB has an average technical rating and the quality of the presented setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

70.24

92.45

We found 3 important support areas.

A support zone ranging from 87.25 to 87.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @85.12 from a horizontal line in the daily time frame.
Support @70.95 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 90.77 to 91.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for TPB is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TPB is down.
ChartMill Relative Strength	92.43	POSITIVE	TPB has a high relative strength, it outperformed 92.43% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TPB is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TPB is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TPB is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.43	NEUTRAL	The RSI value for TPB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.21	NEGATIVE	The MACD value suggests TPB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	30.72	NEUTRAL	The Stochastics value for TPB is a neutral value.
Average True Range in percent/ATR (20)	4.94	MEDIUM VOLATILITY	The ATR as a percentage value for TPB suggests some volalility.
Average Directional Index/ADX (14)	20.94	NEUTRAL	The ADX value for TPB suggests a possible start of a new trend.