Tribune Publishing Company (TPCO) Stock Technical Analysis
USA - NASDAQ:TPCO -
We assign a technical rating of 7 out of 10 to TPCO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although TPCO has an excellent technical rating, the quality of the presented setup is 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.
More info and screens
15.04
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.95 to 17.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.82 from a trend line in the weekly time frame.
- Support @15.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.28 to 17.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.37 to 18.37. 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 TPCO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TPCO is down. |
| ChartMill Relative Strength | 80.45 | POSITIVE | TPCO has a high relative strength, it outperformed 80.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TPCO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.12 | NEUTRAL | The RSI value for TPCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TPCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.57 | NEUTRAL | The Stochastics value for TPCO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for TPCO suggests low volalility. |
17.26
+0.07 (+0.41%)
Tribune Publishing Company / TPCO FAQ
Can you provide the ChartMill technical rating for Tribune Publishing Company?
ChartMill assigns a technical rating of 6 / 10 to TPCO.
What is the current trend direction of Tribune Publishing Company (TPCO) stock?
The current trend direction for Tribune Publishing Company (TPCO) is Bullish.
What is the RSI signal for Tribune Publishing Company (TPCO) stock?
Tribune Publishing Company (TPCO) has an RSI value of 40.1199. This indicates that the stock is currently neutral.
What is the MACD signal for Tribune Publishing Company (TPCO) stock?
The MACD indicator for Tribune Publishing Company (TPCO) has a value of -0.0161424, indicating a bearish trend.
What are the support and resistance levels for Tribune Publishing Company (TPCO) stock?
Tribune Publishing Company (TPCO) has a support level at 17.19 and a resistance level at 17.28. Check the full technical report for our detailed analysis of TPCO support and resistance levels.