TPI COMPOSITES INC (TPIC) Stock Technical Analysis
NASDAQ:TPIC - Nasdaq - US87266J1043 - Common Stock - Currency: USD
Taking everything into account, TPIC scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. TPIC was also a bad performer in the overall market in the last year.
93% of all other stocks performed better in the past year than TPIC.
TPIC is part of the Electrical Equipment industry. There are 95 other stocks in this industry, of which 71% are performing better than TPIC.
TPIC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TPIC is lagging the market.
In the last month TPIC has a been trading in the 0.80 - 1.35 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
TPIC has an average technical rating and it also does not offer a high quality setup 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
0.96
1.22
When analyzing the support we notice one important area.
- Support @0.97 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.21 to 1.21. 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 TPIC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPIC is up. |
| ChartMill Relative Strength | 7.05 | NEGATIVE | TPIC has a low relative strength, it was outperformed by 92.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TPIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.75 | NEUTRAL | The RSI value for TPIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TPIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.23 | NEUTRAL | The Stochastics value for TPIC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for TPIC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.55 | NEGATIVE | The low ADX value for TPIC suggests a weak or negative trend. |
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)
1.2
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0%
1 Week4.35%
2 Weeks37.93%
1 Month35.27%
3 Month-17.53%
6 Month-40.59%
12 Month-74.68%
2 Year-88.74%
3 Year-91.3%
5 Year-94.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%8.5%
ATR Inc-22.8%
Range Today0.08
ADR(20)0.1
ADR(20)%8.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.05
Mansfield-5.6
10 Day High1.35
10 Day Low0.88
20 Day High1.35
20 Day Low0.8
52 Week High5.75
52 Week Low0.64
CS1 End0.97
CR1 Start1.21
Volume & EV
DER(3)-3.96%
DER(5)0.23%
Volume224.00K
Volume Incr33.86%
Vol(5)535.04K
Vol(50)564.68K