TETRA TECHNOLOGIES INC (TTI) Stock Technical Analysis
NYSE:TTI - New York Stock Exchange, Inc. - US88162F1057 - Common Stock - Currency: USD
Overall TTI gets a technical rating of 6 out of 10. In the past year, TTI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TTI is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 80% of 63 stocks in the same industry.
In the last month TTI has a been trading in the 2.84 - 3.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TTI has an average volume of 1772350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TTI did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
TTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TTI is lagging the market.
Volume is considerably higher in the last couple of days.
TTI has only a medium technical rating, but it does show 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 3.68. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TTI 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.
More info and screens
2.92
4.98
3 important support areas can be observed.
- Support @3.31 from a horizontal line in the daily time frame.
- A support zone ranging from 3.03 to 3.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.95 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.68 to 3.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.86 from a horizontal line in the daily time frame.
- Resistance @4.40 from a trend line in the weekly time frame.
- Resistance @4.93 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for TTI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TTI is up. |
| ChartMill Relative Strength | 72 | POSITIVE | TTI has a high relative strength, it outperformed 72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TTI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TTI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.67 | NEUTRAL | The RSI value for TTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TTI has a negative trend. |
| Stochastics (14,3) | 26.53 | NEUTRAL | The Stochastics value for TTI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for TTI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.36 | POSITIVE | The high ADX value value for TTI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 3.45 | 3.30 | 0.15 (4.26%) | 23.45% |
| An entry @3.45. This is a Buy Stop order right above the 10 day moving average. | An exit @3.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 4.26%. | For a 1.00% total portfolio risk, you can invest 23.45% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TTI. Please evaluate whether better entry and exit points can be found.
- 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.
3.4
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0%
1 Week-1.73%
2 Weeks-9.09%
1 Month18.88%
3 Month36%
6 Month-11.23%
12 Month3.98%
2 Year-24.28%
3 Year-22.37%
5 Year405.13%
10 Year-28.57%
15 Year-67.37%
Volatility
ATR(14)0.21
ATR(20)%6.46%
ATR Inc-31.87%
Range Today0.15
ADR(20)0.21
ADR(20)%6.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72
Mansfield-0.79
10 Day High3.82
10 Day Low3.2
20 Day High3.93
20 Day Low2.84
52 Week High5.12
52 Week Low2.03
CS1 End3.31
CR1 Start3.68
Volume & EV
DER(3)4.46%
DER(5)5.13%
Volume1.06M
Volume Incr46.49%
Vol(5)2.76M
Vol(50)1.77M