Tribune Publishing Company (TPCO) Stock Technical Analysis
NASDAQ:TPCO - Nasdaq -
Overall TPCO gets a technical rating of 7 out of 10. 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.
When comparing the yearly performance of all stocks, we notice that TPCO is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, TPCO also shows a nice and consistent pattern of rising prices.
TPCO 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 TPCO is lagging the market slightly.
In the last month TPCO has a been trading in the 15.86 - 17.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Volume is considerably higher in the last couple of days.
TPCO has an excellent technical rating, but the quality of the setup is only medium 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
18.55
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.
We can see 2 important resistance 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
17.26
+0.07 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.41%
1 Week-0.35%
2 Weeks-0.92%
1 Month-0.86%
3 Month1.65%
6 Month38.3%
12 Month81.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.36%
ATR Inc411%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.45
Mansfield1.12
10 Day High17.48
10 Day Low15.86
20 Day High17.99
20 Day Low15.86
52 Week High18.54
52 Week Low8.58
CS1 End17.19
CR1 Start17.28
Volume & EV
DER(3)-3.95%
DER(5)-3.35%
Volume1.21M
Volume Incr1447.05%
Vol(5)2.04M
Vol(50)416.15K