TESSCO Technologies Inc (TESS) Stock Technical Analysis
NASDAQ:TESS - Nasdaq - US8723861071 - Common Stock - Currency: USD
Taking everything into account, TESS scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, TESS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by TESS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the yearly performance of all stocks, we notice that TESS is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
TESS is part of the Communications Equipment industry. There are 51 other stocks in this industry, TESS did better than 68% of them.
In the last month TESS has a been trading in a tight range between 8.92 and 9.00.
Considerably lower volume is observed in the last couple of days.
Although TESS has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
4.67
9.09
We found 3 important support areas.
- A support zone ranging from 8.69 to 8.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.82 from a horizontal line in the daily time frame.
- A support zone ranging from 4.72 to 4.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.00 to 9.00. 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
CRS90.72
Mansfield3.77
10 Day High9
10 Day Low8.93
20 Day High9
20 Day Low8.92
52 Week High9
52 Week Low4.03
Performance
1 Week0.45%
2 Weeks0.45%
1 Month0.78%
3 Month2.57%
6 Month76.97%
12 Month58.81%
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)-0.01
RSI(14)77.81
LBB8.92
UBB8.99
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 |
|---|---|---|---|
| 9.01 | 8.92 | 0.09 (1.00%) | 25.00% |
| An entry @9.01. This is a Buy Stop order right above the resistance zone. | An exit @8.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 1.00%. | For a 0.25% total portfolio risk, you can invest 25.00% 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.
8.99
+0.01 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.11%
1 Week0.45%
2 Weeks0.45%
1 Month0.78%
3 Month2.57%
6 Month76.97%
12 Month58.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.27%
ATR Inc7.63%
Range Today0.01
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
CRS90.72
Mansfield3.77
10 Day High9
10 Day Low8.93
20 Day High9
20 Day Low8.92
52 Week High9
52 Week Low4.03
CS1 End8.96
CR1 Start9
Volume & EV
DER(3)1.08%
DER(5)1.42%
Volume5.50K
Volume Incr-51.59%
Vol(5)21.46K
Vol(50)43.01K