TRI-CONTINENTAL CORP (TY) Stock Technical Analysis
NYSE:TY - New York Stock Exchange, Inc. - US8954361031 - Currency: USD
Overall TY gets a technical rating of 5 out of 10. In the past year, TY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, TY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
27.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 30.68 to 31.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.56 from a trend line in the weekly time frame.
- Support @28.06 from a horizontal line in the weekly time frame.
- Support @27.37 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 32.04 to 32.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @33.07 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TY is up. |
| ChartMill Relative Strength | 48.09 | NEUTRAL | TY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.53 | NEUTRAL | The RSI value for TY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TY has a positive trend. |
| Stochastics (14,3) | 64.24 | NEUTRAL | The Stochastics value for TY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for TY suggests low volalility. |
| Average Directional Index/ADX (14) | 17.75 | NEGATIVE | The low ADX value for TY suggests a weak or negative trend. |
NYSE:TY (6/30/2025, 8:04:00 PM)
31.66
+0.11 (+0.35%)