TOWNSQUARE MEDIA INC - CL A (TSQ) Stock Technical Analysis
NYSE:TSQ • US8922311019
We assign a technical rating of 8 out of 10 to TSQ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TSQ is only an average performer.
- The long and short term trends are both positive. This is looking good!
- TSQ is part of the Media industry. There are 91 other stocks in this industry. TSQ outperforms 82% of them.
- In the last month TSQ has a been trading in the 6.31 - 7.69 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 TSQ is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- 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. There is very little resistance above the current price. There is a support zone below the current price at 6.98, a Stop Loss order could be placed below this zone. 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.
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We found 3 important support areas.
- A support zone ranging from 6.89 to 6.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.63 to 6.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.08 to 6.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 76.81 | POSITIVE | TSQ has a high relative strength, it outperformed 76.81% off all stocks 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) | 65.97 | NEUTRAL | The RSI value for TSQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TSQ has a positive trend. |
| Stochastics (14,3) | 76.52 | NEUTRAL | The Stochastics value for TSQ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for TSQ suggests high volalility. |
| Average Directional Index/ADX (14) | 45.09 | 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 |
|---|---|---|---|
| 7.70 | 6.88 | 0.82 (10.65%) | 9.39% |
| An entry @7.70. This is a Buy Stop order right above the 10 day high. | An exit @6.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.82 points, which is 10.65%. | When investing 9.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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+0.2 (+2.78%)
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 65.9679. 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 0.0000619064, 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.