TYLER TECHNOLOGIES INC (TYL) Stock Technical Analysis
NYSE:TYL • US9022521051
Taking everything into account, TYL scores 0 out of 10 in our technical rating. TYL'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TYL is a bad performer in the overall market: 90% of all stocks are doing better.
- TYL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- TYL is part of the Software industry. There are 276 other stocks in this industry, TYL did better than 40% of them.
- In the last month TYL has a been trading in the 283.71 - 383.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of TYL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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313.83
When analyzing the support we notice one important area.
- Support @317.00 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 354.70 to 354.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 395.01 to 400.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @408.75 from a trend line in the daily time frame.
- Resistance @470.00 from a horizontal line in the daily time frame.
- Resistance @539.42 from a trend line in the weekly time frame.
- Resistance @564.72 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 | DOWN | NEGATIVE | The long term trend for TYL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TYL is down. |
| ChartMill Relative Strength | 10.03 | NEGATIVE | TYL has a low relative strength, it was outperformed by 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TYL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TYL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TYL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.14 | NEUTRAL | The RSI value for TYL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.17 | POSITIVE | The MACD value suggests TYL has a positive trend. |
| Stochastics (14,3) | 74.08 | NEUTRAL | The Stochastics value for TYL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for TYL suggests high volalility. |
| Average Directional Index/ADX (14) | 42.07 | POSITIVE | The high ADX value value for TYL suggests a strong trend. |
354.69
+1.58 (+0.45%)
TYLER TECHNOLOGIES INC / TYL FAQ
Can you provide the ChartMill technical rating for TYLER TECHNOLOGIES INC?
ChartMill assigns a technical rating of 0 / 10 to TYL.
Can you provide the trend direction for TYLER TECHNOLOGIES INC?
The current trend direction for TYLER TECHNOLOGIES INC (TYL) is Bearish.
What is the RSI signal for TYLER TECHNOLOGIES INC (TYL) stock?
TYLER TECHNOLOGIES INC (TYL) has an RSI value of 49.1354. This indicates that the stock is currently neutral.
What is the buy/sell signal for TYLER TECHNOLOGIES INC (TYL) stock?
The buy/sell signal for TYLER TECHNOLOGIES INC (TYL) is sell as both the short term and long term trends are negative.
What is the support and resistance level for TYL stock?
TYLER TECHNOLOGIES INC (TYL) has a support level at 317 and a resistance level at 354.7. Check the full technical report for our detailed analysis of TYL support and resistance levels.