TURNING POINT BRANDS INC (TPB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPB - US90041L1052 - Common Stock
Taking everything into account, TPB scores 10 out of 10 in our technical rating. 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.
TPB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 102.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 96.84, a Stop Loss order could be placed below this zone.
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73.61
We found 4 important support areas.
- A support zone ranging from 94.76 to 96.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.57 from a trend line in the daily time frame.
- A support zone ranging from 88.33 to 89.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.35 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 102.34 to 103.00. 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 | 88.57 | POSITIVE | TPB has a high relative strength, it outperformed 88.57% 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) | 58.17 | NEUTRAL | The RSI value for TPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests TPB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.73 | NEUTRAL | The Stochastics value for TPB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TPB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.86 | NEUTRAL | The ADX value for TPB suggests a possible start of a new 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 |
|---|---|---|---|
| 103.01 | 95.74 | 7.27 (7.06%) | 14.17% |
| An entry @103.01. This is a Buy Stop order right above the resistance zone. | An exit @95.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.27 points, which is 7.06%. | For a 1.00% total portfolio risk, you can invest 14.17% 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.
100.84
+2.16 (+2.19%)
TURNING POINT BRANDS INC / TPB FAQ
What is the technical rating for TPB stock?
ChartMill assigns a technical rating of 10 / 10 to TPB.
What is the trend direction for TPB stock?
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 58.1689. This indicates that the stock is currently neutral.
What is the MACD signal for TPB stock?
The MACD indicator for TURNING POINT BRANDS INC (TPB) has a value of -0.241132, indicating a bearish trend.
Can you provide the support and resistance levels for TURNING POINT BRANDS INC?
TURNING POINT BRANDS INC (TPB) has a support level at 96.84 and a resistance level at 102.34. Check the full technical report for our detailed analysis of TPB support and resistance levels.