TPG Pace Beneficial Finance Corp (TPGY) Stock Technical Analysis
USA - NYSE:TPGY - KYG8990D1253 - Common Stock
We assign a technical rating of 5 out of 10 to TPGY. TPGY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, TPGY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.02, a Stop Loss order could be placed below this zone.
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9.70
When analyzing the support we notice one important area.
- A support zone ranging from 9.80 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.05 to 10.05. 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 | DOWN | NEGATIVE | The long term trend for TPGY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPGY is up. |
| ChartMill Relative Strength | 78.49 | POSITIVE | TPGY has a high relative strength, it outperformed 78.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPGY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPGY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPGY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.3 | OVERBOUGHT | The high RSI value suggests TPGY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TPGY has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests TPGY may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for TPGY suggests low volalility. |
| Average Directional Index/ADX (14) | 63.47 | POSITIVE | The high ADX value value for TPGY suggests a strong trend. |
10.04
+0.01 (+0.1%)