TUFIN SOFTWARE TECHNOLOGIES (TUFN) Technical Analysis
NYSE:TUFN • IL0011571556
Taking everything into account, TUFN scores 7 out of 10 in our technical rating. 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 may just continue or reversal may be around the corner!
- TUFN is one of the better performing stocks in the Software industry, it outperforms 96% of 277 stocks in the same industry.
- TUFN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TUFN is leading 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 offer a high quality setup 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
When analyzing the support we can see 5 important 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.
We found 1 important resistance 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. |
TUFN Technicals: Chart, Performance Metrics, Trend & Indicators
12.94
+0.32 (+2.54%)
TUFIN SOFTWARE TECHNOLOGIES / TUFN FAQ
What is the technical rating for TUFN stock?
ChartMill assigns a technical rating of 6 / 10 to TUFN.
What is the current trend direction of TUFIN SOFTWARE TECHNOLOGIES (TUFN) stock?
The current trend direction for TUFIN SOFTWARE TECHNOLOGIES (TUFN) is Bullish.
What is the RSI signal for TUFN stock?
TUFIN SOFTWARE TECHNOLOGIES (TUFN) has an RSI value of 75.4262. This indicates that the stock is currently overbought.
What is the MACD signal for TUFIN SOFTWARE TECHNOLOGIES (TUFN) stock?
The MACD indicator for TUFIN SOFTWARE TECHNOLOGIES (TUFN) has a value of 0.0535159, indicating a bearish trend.
What is the short term momentum for TUFN stock?
The short term momentum for TUFIN SOFTWARE TECHNOLOGIES (TUFN) is neutral.