NYSE:TX - New York Stock Exchange, Inc. - US8808901081 - ADR - Currency: USD
Taking everything into account, TX scores 0 out of 10 in our technical rating. TX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TX has a bad 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 28.77. Right above this resistance zone may be a good entry point.
27.47
We can see 4 important resistance areas.
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 | DOWN | NEGATIVE | The long term trend for TX is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TX is down. |
ChartMill Relative Strength | 19.14 | NEGATIVE | TX has a low relative strength, it was outperformed by 80.86% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TX is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TX is below a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TX is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 41.42 | NEUTRAL | The RSI value for TX is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TX has a negative trend. |
Stochastics (14,3) | 25.53 | NEUTRAL | The Stochastics value for TX is a neutral value. |
Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for TX suggests a weak or negative trend. |
27.75
-0.27 (-0.96%)