TURNING POINT BRANDS INC (TPB) Stock Technical Analysis
NYSE:TPB • US90041L1052
Overall TPB gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TPB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TPB did better than 93% of all other stocks. On top of that, TPB also shows a nice and consistent pattern of rising prices.
- 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 making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- TPB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
TPB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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79.21
When analyzing the support we can see 4 important areas.
- Support @110.65 from a trend line in the daily time frame.
- Support @102.93 from a horizontal line in the daily time frame.
- Support @100.13 from a trend line in the daily time frame.
- Support @80.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 129.98 to 129.98. 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 | UP | POSITIVE | The long term trend for TPB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPB is up. |
| ChartMill Relative Strength | 93.76 | POSITIVE | TPB has a high relative strength, it outperformed 93.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPB is above the rising 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) | 68.19 | NEUTRAL | The RSI value for TPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TPB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.86 | OVERBOUGHT | The high Stochastics value suggests TPB may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for TPB suggests some volalility. |
| Average Directional Index/ADX (14) | 42.54 | POSITIVE | The high ADX value value for TPB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 129.99 | 117.86 | 12.13 (9.33%) | 10.72% |
| An entry @129.99. This is a Buy Stop order right above the resistance zone. | An exit @117.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 12.13 points, which is 9.33%. | For a 1.00% total portfolio risk, you can invest 10.72% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
129.13
+1.19 (+0.93%)
TURNING POINT BRANDS INC / TPB FAQ
What is the technical rating for TPB stock?
ChartMill assigns a technical rating of 10 / 10 to TPB.
Can you provide the trend direction for TURNING POINT BRANDS INC?
The current trend direction for TURNING POINT BRANDS INC (TPB) is Bullish.
What is the RSI signal for TURNING POINT BRANDS INC (TPB) stock?
TURNING POINT BRANDS INC (TPB) has an RSI value of 68.1932. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TURNING POINT BRANDS INC?
The short term momentum for TURNING POINT BRANDS INC (TPB) is positive.
What is the buy/sell signal for TURNING POINT BRANDS INC (TPB) stock?
The buy/sell signal for TURNING POINT BRANDS INC (TPB) is buy as both the short term and long term trends are positive.