TYLER TECHNOLOGIES INC (TYL) Stock Technical Analysis
NYSE:TYL - New York Stock Exchange, Inc. - US9022521051 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to TYL. In the past year, TYL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, TYL did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TYL is an average performer in the Software industry, it outperforms 65% of 284 stocks in the same industry.
TYL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TYL is lagging the market slightly.
In the last month TYL has a been trading in a tight range between 557.24 and 590.00.
Although the technical rating is only medium, TYL 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 580.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 578.49, a Stop Loss order could be placed below this zone.
More info and screens
516.45
653.22
We found 3 important support areas.
- A support zone ranging from 562.75 to 578.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @540.66 from a trend line in the weekly time frame.
- A support zone ranging from 521.67 to 524.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 580.85 to 584.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 629.17 to 646.75. 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 | NEUTRAL | NEUTRAL | The long term trend for TYL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TYL is up. |
| ChartMill Relative Strength | 78.86 | POSITIVE | TYL has a high relative strength, it outperformed 78.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TYL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TYL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TYL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.61 | NEUTRAL | The RSI value for TYL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests TYL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.65 | OVERBOUGHT | The high Stochastics value suggests TYL may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for TYL suggests low volalility. |
| Average Directional Index/ADX (14) | 9.92 | NEGATIVE | The low ADX value for TYL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
579.72
-8.02 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.36%
1 Week0.61%
2 Weeks0.47%
1 Month1.22%
3 Month2.9%
6 Month-5.22%
12 Month22.88%
2 Year39.2%
3 Year74.36%
5 Year67.12%
10 Year348.08%
15 Year3635.31%
Volatility
ATR(14)11.49
ATR(20)%1.89%
ATR Inc-7.72%
Range Today7.97
ADR(20)10.45
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.86
Mansfield-0.38
10 Day High590
10 Day Low557.24
20 Day High590
20 Day Low557.24
52 Week High661.31
52 Week Low458.5
CS1 End578.49
CR1 Start580.85
Volume & EV
DER(3)1.9%
DER(5)0.38%
Volume350.70K
Volume Incr-3%
Vol(5)243.08K
Vol(50)292.63K