TTEC HOLDINGS INC (TTEC) Stock Technical Analysis
NASDAQ:TTEC - Nasdaq - US89854H1023 - Common Stock - Currency: USD
Overall TTEC gets a technical rating of 7 out of 10. Although TTEC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TTEC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TTEC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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4.74
When analyzing the support we notice one important area.
- A support zone ranging from 4.79 to 4.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @5.31 from a horizontal line in the weekly time frame.
- Resistance @5.43 from a trend line in the daily time frame.
- A resistance zone ranging from 5.55 to 5.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.69 from a horizontal 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 | UP | POSITIVE | The long term trend for TTEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TTEC is up. |
| ChartMill Relative Strength | 51.69 | NEUTRAL | TTEC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TTEC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TTEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TTEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.84 | NEUTRAL | The RSI value for TTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TTEC has a positive trend. |
| Stochastics (14,3) | 71.79 | NEUTRAL | The Stochastics value for TTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TTEC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.09 | POSITIVE | The high ADX value value for TTEC 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 |
|---|---|---|---|
| 5.32 | 4.78 | 0.54 (10.15%) | 9.85% |
| An entry @5.32. This is a Buy Stop order right above the resistance zone. | An exit @4.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.54 points, which is 10.15%. | When investing 9.85% 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.
5.24
+0.09 (+1.75%)