Taking everything into account, TPG scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TPG is only an average performer.
TPG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for TPG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
41.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 64.40 to 64.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.17 from a trend line in the daily time frame.
- Support @54.87 from a horizontal line in the daily time frame.
- Support @42.26 from a trend line in the weekly 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 TPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPG is up. |
| ChartMill Relative Strength | 43.02 | NEUTRAL | TPG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.75 | NEUTRAL | The RSI value for TPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.64 | NEUTRAL | The Stochastics value for TPG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for TPG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.25 | POSITIVE | The high ADX value value for TPG 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 |
|---|---|---|---|
| 65.77 | 64.39 | 1.38 (2.10%) | 25.00% |
| An entry @65.77. This is a Buy Stop order right above the 10 day moving average. | An exit @64.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.38 points, which is 2.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of TPG. 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.
64.64
+0.24 (+0.37%)
TPG INC / TPG FAQ
What is the technical rating for TPG stock?
ChartMill assigns a technical rating of 8 / 10 to TPG.
Can you provide the trend direction for TPG INC?
The current trend direction for TPG INC (TPG) is Bullish.
What is the RSI signal for TPG INC (TPG) stock?
TPG INC (TPG) has an RSI value of 60.7502. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TPG INC?
The MACD indicator for TPG INC (TPG) has a value of 0.0744913, indicating a bearish trend.
What are the support and resistance levels for TPG INC (TPG) stock?
TPG INC (TPG) has a support level at 64.63. Check the full technical report for our detailed analysis of TPG support and resistance levels.