TUFIN SOFTWARE TECHNOLOGIES (TUFN) Stock Technical Analysis
USA - NYSE:TUFN - IL0011571556 - Common Stock
12.94 USD
+0.32 (+2.54%)
12.94 USD
0 (0%)
We assign a technical rating of 7 out of 10 to TUFN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TUFN is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
TUFN is part of the Software industry. There are 279 other stocks in this industry. TUFN outperforms 82% of them.
TUFN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TUFN has a been trading in the 12.07 - 12.96 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 TUFN is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Volume is considerably higher in the last couple of days.
Although TUFN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.98
13.12
We found 5 important support areas.
- A support zone ranging from 12.39 to 12.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.03 from a horizontal line in the weekly time frame.
- Support @11.49 from a horizontal line in the daily time frame.
- Support @8.38 from a trend line in the weekly time frame.
- Support @8.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.95 to 12.99. 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 TUFN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TUFN is neutral. |
| ChartMill Relative Strength | 91.71 | POSITIVE | TUFN has a high relative strength, it outperformed 91.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TUFN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TUFN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TUFN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.43 | OVERBOUGHT | The high RSI value suggests TUFN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TUFN has a positive trend. |
| Stochastics (14,3) | 87.61 | OVERBOUGHT | The high Stochastics value suggests TUFN may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for TUFN suggests low volalility. |
| Average Directional Index/ADX (14) | 25.12 | POSITIVE | The high ADX value value for TUFN 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)
12.94
+0.32 (+2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.54%
1 Week4.95%
2 Weeks5.12%
1 Month3.94%
3 Month2.29%
6 Month46.88%
12 Month17.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.14%
ATR Inc154.17%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.71
Mansfield2.47
10 Day High12.96
10 Day Low12.2
20 Day High12.96
20 Day Low12.07
52 Week High13
52 Week Low7.59
CS1 End12.53
CR1 Start12.95
Volume & EV
DER(3)3.5%
DER(5)2.3%
Volume15.96M
Volume Incr1422.23%
Vol(5)3.44M
Vol(50)794.76K