TPRO Technical Analysis - TECHNOPROBE SPA

Technical Rating and Analysis

Taking everything into account, TPRO 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, TPRO is only an average performer.

The long and short term trends are both positive. This is looking good!

TPRO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TPRO is lagging the market slightly.

In the last month TPRO has a been trading in the 6.48 - 9.06 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that TPRO is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

TPRO is part of the Semiconductors & Semiconductor Equipment industry. There are 57 other stocks in this industry, TPRO did better than 67% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TECHNOPROBE SPA / TPRO Weekly stock chart

TECHNOPROBE SPA / TPRO Daily stock chart

Setup Rating and Analysis

TPRO has an excellent technical rating, but the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.71

8.46

We found 2 important support areas.

A support zone ranging from 8.26 to 8.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 6.78 to 6.84. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @8.38 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 TPRO.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TPRO.MI is up.
ChartMill Relative Strength	78.35	POSITIVE	TPRO.MI has a high relative strength, it outperformed 78.35% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TPRO.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TPRO.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TPRO.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	64.94	NEUTRAL	The RSI value for TPRO.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests TPRO.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.49	NEUTRAL	The Stochastics value for TPRO.MI is a neutral value.
Average True Range in percent/ATR (20)	3.87	MEDIUM VOLATILITY	The ATR as a percentage value for TPRO.MI suggests some volalility.
Average Directional Index/ADX (14)	40.02	POSITIVE	The high ADX value value for TPRO.MI suggests a strong trend.