Taking everything into account, TCBK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TCBK is only an average performer.
TCBK has an excellent technical rating, but the quality of the setup is only medium 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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35.93
When analyzing the support we can see 7 important areas.
- A support zone ranging from 47.62 to 47.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.57 to 45.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.23 to 42.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.45 from a horizontal line in the daily time frame.
- Support @39.66 from a horizontal line in the daily time frame.
- Support @38.43 from a trend line in the weekly time frame.
- Support @36.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.34 to 49.88. 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 | UP | POSITIVE | The long term trend for TCBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCBK is up. |
| ChartMill Relative Strength | 62.37 | NEUTRAL | TCBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.33 | NEUTRAL | The RSI value for TCBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TCBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.55 | OVERBOUGHT | The high Stochastics value suggests TCBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for TCBK suggests some volalility. |
| Average Directional Index/ADX (14) | 31.96 | POSITIVE | The high ADX value value for TCBK suggests a strong trend. |
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 |
|---|---|---|---|
| 49.89 | 47.61 | 2.28 (4.57%) | 21.88% |
| An entry @49.89. This is a Buy Stop order right above the resistance zone. | An exit @47.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.28 points, which is 4.57%. | When investing 21.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
49.33
-0.54 (-1.08%)
TRICO BANCSHARES / TCBK FAQ
What is the technical rating for TCBK stock?
ChartMill assigns a technical rating of 8 / 10 to TCBK.
What is the trend direction for TCBK stock?
The current trend direction for TRICO BANCSHARES (TCBK) is Bullish.
What is the RSI signal for TCBK stock?
TRICO BANCSHARES (TCBK) has an RSI value of 63.3275. This indicates that the stock is currently neutral.
What is the MACD signal for TCBK stock?
The MACD indicator for TRICO BANCSHARES (TCBK) has a value of 0.071984, indicating a bearish trend.
Can you provide the buy/sell signal for TRICO BANCSHARES?
The buy/sell signal for TRICO BANCSHARES (TCBK) is buy as both the short term and long term trends are positive.