TUTOR PERINI CORP (TPC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TPC - US9011091082 - Common Stock
Overall TPC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TPC has proven to be a steady performer, scoring decent points in every aspect analyzed.
TPC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 68.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.35, a Stop Loss order could be placed below this zone.
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3 important support areas can be observed.
- A support zone ranging from 63.90 to 65.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.43 from a trend line in the daily time frame.
- A support zone ranging from 58.75 to 59.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 68.23 to 69.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.46 from a horizontal line in the daily time frame.
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 TPC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TPC is neutral. |
| ChartMill Relative Strength | 96.18 | POSITIVE | TPC has a high relative strength, it outperformed 96.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TPC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.01 | NEUTRAL | The RSI value for TPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TPC has a negative trend. |
| Stochastics (14,3) | 54.36 | NEUTRAL | The Stochastics value for TPC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for TPC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.29 | NEGATIVE | The low ADX value for TPC suggests a weak or negative 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 |
|---|---|---|---|
| 69.35 | 65.57 | 3.78 (5.45%) | 18.35% |
| An entry @69.35. This is a Buy Stop order right above the resistance zone. | An exit @65.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.78 points, which is 5.45%. | For a 1.00% total portfolio risk, you can invest 18.35% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TPC. Please evaluate whether better entry and exit points can be found.
- 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.
66.02
-3.44 (-4.95%)
TUTOR PERINI CORP / TPC FAQ
What is the technical rating for TPC stock?
ChartMill assigns a technical rating of 10 / 10 to TPC.
Can you provide the trend direction for TUTOR PERINI CORP?
The current trend direction for TUTOR PERINI CORP (TPC) is Bullish.
What is the RSI signal for TPC stock?
TUTOR PERINI CORP (TPC) has an RSI value of 49.0113. This indicates that the stock is currently neutral.
What is the short term momentum for TUTOR PERINI CORP (TPC) stock?
The short term momentum for TUTOR PERINI CORP (TPC) is neutral.