TUMI HLDGS INC (TUMI) Stock Technical Analysis
NYSE:TUMI - New York Stock Exchange, Inc. - US89969Q1040
Overall TUMI gets a technical rating of 6 out of 10. TUMI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
TUMI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.73, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
26.20
When analyzing the support we notice one important area.
- A support zone ranging from 26.46 to 26.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.75 to 27.14. 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 TUMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TUMI is up. |
| ChartMill Relative Strength | 80.47 | POSITIVE | TUMI has a high relative strength, it outperformed 80.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TUMI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TUMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TUMI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.33 | NEUTRAL | The RSI value for TUMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TUMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests TUMI may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for TUMI suggests low volalility. |
26.74
-0.01 (-0.04%)