TZP STRATEGIES ACQUISITION (TZPSU) Technical Analysis
NASDAQ:TZPSU • KYG915951274
Current stock price
TZPSU Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to TZPSU. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TZPSU is only an average performer.
- Warning: TZPSU has an average volume of 12274 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- TZPSU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TZPSU is lagging the market slightly.
- When compared to the yearly performance of all other stocks, TZPSU outperforms 63% of them, which is more or less in line with the market.
- In the last month TZPSU has a been trading in a tight range between 10.02 and 10.14.
- Volume is considerably higher in the last couple of days.
TZPSU Weekly and Daily overview Charts
TZPSU Setup Rating and Analysis
TZPSU has an excellent technical rating and also presents 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 10.15. 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. 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
TZPSU Support and Resistance Analysis
9.70
We found 1 important support area.
- A support zone ranging from 9.80 to 10.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.15 to 10.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
TZPSU Technical Indicator Signal Analysis
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 TZPSU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TZPSU is up. |
| ChartMill Relative Strength | 63.33 | NEUTRAL | TZPSU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TZPSU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TZPSU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TZPSU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.38 | OVERBOUGHT | The high RSI value suggests TZPSU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TZPSU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.65 | OVERBOUGHT | The high Stochastics value suggests TZPSU may be overbought. |
| Average True Range in percent/ATR (20) | 0.13 | LOW VOLATILITY | The low ATR as a percentage value for TZPSU suggests low volalility. |
| Average Directional Index/ADX (14) | 48.24 | POSITIVE | The high ADX value value for TZPSU suggests a strong trend. |
TZPSU Chart- and CandleStick Pattern Analysis
TZPSU Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.16 | 10.07 | 0.09 (0.89%) | 25.00% |
| An entry @10.16. This is a Buy Stop order right above the resistance zone. | An exit @10.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TZPSU Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:TZPSU (1/20/2023, 11:13:33 AM)
10.14
+0.01 (+0.1%)
TZP STRATEGIES ACQUISITION / TZPSU TA FAQ
Can you provide the ChartMill technical rating for TZP STRATEGIES ACQUISITION?
ChartMill assigns a technical rating of 7 / 10 to TZPSU.
What is the trend direction for TZPSU stock?
The current trend direction for TZP STRATEGIES ACQUISITION (TZPSU) is Bullish.
What is the RSI signal for TZPSU stock?
TZP STRATEGIES ACQUISITION (TZPSU) has an RSI value of 74.3839. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for TZP STRATEGIES ACQUISITION?
The buy/sell signal for TZP STRATEGIES ACQUISITION (TZPSU) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TZP STRATEGIES ACQUISITION (TZPSU) stock?
TZP STRATEGIES ACQUISITION (TZPSU) has a support level at 10.12 and a resistance level at 10.15. Check the full technical report for our detailed analysis of TZPSU support and resistance levels.