We assign a technical rating of 7 out of 10 to TPG. 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. There is very little resistance above the current price. There is a support zone below the current price at 66.63, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
41.95
We found 5 important support areas.
- A support zone ranging from 65.70 to 66.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.84 to 64.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.38 from a trend line in the daily time frame.
- Support @54.87 from a horizontal line in the daily time frame.
- Support @42.37 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @66.90 from a horizontal line in the weekly time frame.
- Resistance @69.66 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 TPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPG is up. |
| ChartMill Relative Strength | 71.52 | POSITIVE | TPG has a high relative strength, it outperformed 71.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TPG is above a declining 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) | 57.6 | NEUTRAL | The RSI value for TPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TPG has a negative trend. |
| Stochastics (14,3) | 42.21 | NEUTRAL | The Stochastics value for TPG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for TPG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.34 | 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 |
|---|---|---|---|
| 66.91 | 65.69 | 1.22 (1.82%) | 25.00% |
| An entry @66.91. This is a Buy Stop order right above the resistance zone. | An exit @65.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.22 points, which is 1.82%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
66.79
-0.17 (-0.25%)
TPG INC / TPG FAQ
What is the technical rating for TPG stock?
ChartMill assigns a technical rating of 7 / 10 to TPG.
What is the trend direction for TPG stock?
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 57.601. This indicates that the stock is currently neutral.
What is the short term momentum for TPG INC (TPG) stock?
The short term momentum for TPG INC (TPG) is positive.
What is the support and resistance level for TPG stock?
TPG INC (TPG) has a support level at 66.63 and a resistance level at 66.9. Check the full technical report for our detailed analysis of TPG support and resistance levels.