TOWNSQUARE MEDIA INC - CL A (TSQ) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TSQ • US8922311019
Taking everything into account, TSQ scores 8 out of 10 in our technical rating. Although TSQ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- TSQ is part of the Media industry. There are 92 other stocks in this industry. TSQ outperforms 75% of them.
- In the last month TSQ has a been trading in the 5.36 - 7.45 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, TSQ outperforms 60% of them, which is more or less in line with the market.
- TSQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TSQ is lagging the market.
TSQ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.08. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TSQ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.75
We found 1 important support area.
- Support @5.81 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.08 to 7.19. 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 | UP | POSITIVE | The long term trend for TSQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSQ is up. |
| ChartMill Relative Strength | 60.47 | NEUTRAL | TSQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.73 | NEUTRAL | The RSI value for TSQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TSQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.63 | NEUTRAL | The Stochastics value for TSQ is a neutral value. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for TSQ suggests high volalility. |
| Average Directional Index/ADX (14) | 53.78 | POSITIVE | The high ADX value value for TSQ suggests a strong trend. |
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 |
|---|---|---|---|
| 7.20 | 6.04 | 1.17 (16.18%) | 6.18% |
| An entry @7.20. This is a Buy Stop order right above the resistance zone. | An exit @6.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.17 points, which is 16.18%. | For a 1.00% total portfolio risk, you can invest 6.18% 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.
7.07
-0.11 (-1.53%)
TOWNSQUARE MEDIA INC - CL A / TSQ FAQ
Can you provide the ChartMill technical rating for TOWNSQUARE MEDIA INC - CL A?
ChartMill assigns a technical rating of 8 / 10 to TSQ.
What is the current trend direction of TOWNSQUARE MEDIA INC - CL A (TSQ) stock?
The current trend direction for TOWNSQUARE MEDIA INC - CL A (TSQ) is Bullish.
What is the RSI signal for TOWNSQUARE MEDIA INC - CL A (TSQ) stock?
TOWNSQUARE MEDIA INC - CL A (TSQ) has an RSI value of 63.7338. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TOWNSQUARE MEDIA INC - CL A?
The MACD indicator for TOWNSQUARE MEDIA INC - CL A (TSQ) has a value of 0.0435318, indicating a bearish trend.
What is the buy/sell signal for TSQ stock?
The buy/sell signal for TOWNSQUARE MEDIA INC - CL A (TSQ) is buy as both the short term and long term trends are positive.