Taking everything into account, TCMD scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TCMD has proven to be a steady performer, scoring decent points in every aspect analyzed.
TCMD 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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12.94
4 important support areas can be observed.
- A support zone ranging from 27.82 to 28.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.20 from a trend line in the daily time frame.
- Support @24.88 from a horizontal line in the daily time frame.
- Support @13.07 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 | UP | POSITIVE | The long term trend for TCMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCMD is up. |
| ChartMill Relative Strength | 96.7 | POSITIVE | TCMD has a high relative strength, it outperformed 96.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.85 | OVERBOUGHT | The high RSI value suggests TCMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TCMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.98 | NEUTRAL | The Stochastics value for TCMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TCMD suggests some volalility. |
| Average Directional Index/ADX (14) | 58.04 | POSITIVE | The high ADX value value for TCMD 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 |
|---|---|---|---|
| 29.50 | 27.81 | 1.69 (5.73%) | 17.46% |
| An entry @29.50. This is a Buy Stop order right above the 10 day high. | An exit @27.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.69 points, which is 5.73%. | For a 1.00% total portfolio risk, you can invest 17.46% of your capital in this trade. |
- 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.
28.95
+0.52 (+1.83%)
TACTILE SYSTEMS TECHNOLOGY I / TCMD FAQ
Can you provide the ChartMill technical rating for TACTILE SYSTEMS TECHNOLOGY I?
ChartMill assigns a technical rating of 9 / 10 to TCMD.
What is the trend direction for TCMD stock?
The current trend direction for TACTILE SYSTEMS TECHNOLOGY I (TCMD) is Bullish.
What is the RSI signal for TCMD stock?
TACTILE SYSTEMS TECHNOLOGY I (TCMD) has an RSI value of 73.8513. This indicates that the stock is currently overbought.
What is the short term momentum for TACTILE SYSTEMS TECHNOLOGY I (TCMD) stock?
The short term momentum for TACTILE SYSTEMS TECHNOLOGY I (TCMD) is positive.
What is the support and resistance level for TCMD stock?
TACTILE SYSTEMS TECHNOLOGY I (TCMD) has a support level at 28.23. Check the full technical report for our detailed analysis of TCMD support and resistance levels.