TCP Pipelines (TCP) Stock Technical Analysis
NYSE:TCP - New York Stock Exchange, Inc. -
We assign a technical rating of 3 out of 10 to TCP. TCP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, TCP is a bad performer in the overall market: 98% of all stocks are doing better.
In the last month TCP has a been trading in the 29.01 - 31.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TCP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TCP is lagging the market.
Volume is considerably higher in the last couple of days.
TCP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 29.12, 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
25.64
33.48
When analyzing the support we can see 3 important areas.
- Support @29.12 from a horizontal line in the daily time frame.
- Support @26.54 from a trend line in the weekly time frame.
- Support @25.90 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 30.22 to 30.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.71 to 32.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 33.15 to 33.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.88
Mansfield-1.69
10 Day High31.68
10 Day Low29.01
20 Day High31.68
20 Day Low29.01
52 Week High37.24
52 Week Low18
Performance
1 Week-1.21%
2 Weeks-2.49%
1 Month1.68%
3 Month-8.87%
6 Month2.03%
12 Month-21.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.09
RSI(14)49.18
LBB29.21
UBB31.71
30.21
+0.49 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.65%
1 Week-1.21%
2 Weeks-2.49%
1 Month1.68%
3 Month-8.87%
6 Month2.03%
12 Month-21.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.2%
ATR Inc48.32%
Range Today0.87
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.88
Mansfield-1.69
10 Day High31.68
10 Day Low29.01
20 Day High31.68
20 Day Low29.01
52 Week High37.24
52 Week Low18
CS1 End29.12
CR1 Start30.22
Volume & EV
DER(3)0.21%
DER(5)-0.91%
Volume4.20M
Volume Incr933.99%
Vol(5)4.09M
Vol(50)812.31K