TEXAS VENTURES ACQUISITION-A (TVA) Stock Technical Analysis
NASDAQ:TVA - Nasdaq - Common Stock - Currency: USD
Taking everything into account, TVA scores 5 out of 10 in our technical rating. TVA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
TVA 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.12, a Stop Loss order could be placed below this zone.
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9.96
When analyzing the support we notice one important area.
- A support zone ranging from 10.06 to 10.12. 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 10.13 to 10.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 TVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TVA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TVA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TVA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.84 | NEUTRAL | The RSI value for TVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.13 | NEUTRAL | The Stochastics value for TVA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for TVA suggests low volalility. |
| Average Directional Index/ADX (14) | 54.09 | POSITIVE | The high ADX value value for TVA suggests a strong trend. |
10.12
-0.01 (-0.1%)