TPI COMPOSITES INC (TPIC) Stock Technical Analysis
NASDAQ:TPIC - Nasdaq - US87266J1043 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to TPIC. TPIC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TPIC is a bad performer in the overall market: 94% of all stocks are doing better.
TPIC is part of the Electrical Equipment industry. There are 94 other stocks in this industry, of which 72% 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
In the last month TPIC has a been trading in the 1.03 - 1.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TPIC has a poor technical rating and the quality of the setup is also 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
1.07
1.35
We found 1 important resistance area.
- Resistance @1.34 from a trend 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 | DOWN | NEGATIVE | The long term trend for TPIC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TPIC is neutral. |
| ChartMill Relative Strength | 6.86 | NEGATIVE | TPIC has a low relative strength, it was outperformed by 93.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPIC is below a declining 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) | 44.19 | NEUTRAL | The RSI value for TPIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TPIC has a negative trend. |
| Stochastics (14,3) | 30.58 | NEUTRAL | The Stochastics value for TPIC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.56 | HIGH VOLATILITY | The high ATR as a percentage value for TPIC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.46 | POSITIVE | The high ADX value value for TPIC suggests a strong 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)
1.08
-0.17 (-13.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-13.6%
1 Week-16.92%
2 Weeks-10%
1 Month-1.82%
3 Month0.93%
6 Month-12.2%
12 Month-75.84%
2 Year-89.59%
3 Year-91.36%
5 Year-95.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%11.56%
ATR Inc13.99%
Range Today0.18
ADR(20)0.12
ADR(20)%11.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.86
Mansfield-5.79
10 Day High1.39
10 Day Low1.06
20 Day High1.39
20 Day Low1.03
52 Week High5.33
52 Week Low0.64
CS1 EndN/A
CR1 Start1.34
Volume & EV
DER(3)-15.06%
DER(5)-14.24%
Volume786.30K
Volume Incr30.09%
Vol(5)696.66K
Vol(50)477.62K