TCW SPECIAL PURPOSE ACQ-CL A (TSPQ) Technical Analysis
NYSE:TSPQ • US87301L1061
Current stock price
TSPQ Technical Rating and Analysis
Taking everything into account, TSPQ scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TSPQ is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TSPQ is one of the better performing stocks in the market, outperforming 79% of all stocks.
- TSPQ is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TSPQ is leading the market.
- In the last month TSPQ has a been trading in a tight range between 9.95 and 10.03.
- Considerably lower volume is observed in the last couple of days.
TSPQ Weekly and Daily overview Charts
TSPQ Setup Rating and Analysis
Besides having an excellent technical rating, TSPQ also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.01, 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
TSPQ Support and Resistance Analysis
9.54
When analyzing the support we notice one important area.
- A support zone ranging from 9.64 to 10.01. 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 10.03 to 10.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
TSPQ 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 TSPQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSPQ is up. |
| ChartMill Relative Strength | 79.57 | POSITIVE | TSPQ has a high relative strength, it outperformed 79.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSPQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSPQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSPQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.05 | NEUTRAL | The RSI value for TSPQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TSPQ has a negative trend. |
| Stochastics (14,3) | 74.49 | NEUTRAL | The Stochastics value for TSPQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for TSPQ suggests low volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for TSPQ suggests a possible start of a new trend. |
TSPQ Chart- and CandleStick Pattern Analysis
TSPQ Example Setup
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 |
|---|---|---|---|
| 10.04 | 9.98 | 0.06 (0.60%) | 25.00% |
| An entry @10.04. This is a Buy Stop order right above the resistance zone. | An exit @9.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.60%. | For a 0.15% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TSPQ Technicals: Chart, Performance Metrics, Trend & Indicators
10.02
+0 (+0.02%)
TCW SPECIAL PURPOSE ACQ-CL A / TSPQ TA FAQ
Can you provide the ChartMill technical rating for TCW SPECIAL PURPOSE ACQ-CL A?
ChartMill assigns a technical rating of 8 / 10 to TSPQ.
What is the current trend direction of TCW SPECIAL PURPOSE ACQ-CL A (TSPQ) stock?
The current trend direction for TCW SPECIAL PURPOSE ACQ-CL A (TSPQ) is Bullish.
What is the RSI signal for TCW SPECIAL PURPOSE ACQ-CL A (TSPQ) stock?
TCW SPECIAL PURPOSE ACQ-CL A (TSPQ) has an RSI value of 67.0477. This indicates that the stock is currently neutral.
What is the MACD signal for TSPQ stock?
The MACD indicator for TCW SPECIAL PURPOSE ACQ-CL A (TSPQ) has a value of -0.00187702, indicating a bearish trend.
What is the support and resistance level for TSPQ stock?
TCW SPECIAL PURPOSE ACQ-CL A (TSPQ) has a support level at 10.01 and a resistance level at 10.03. Check the full technical report for our detailed analysis of TSPQ support and resistance levels.