TECH Technical Signal Analysis
TECH have 1 buy signal and 4 sell signals now. The current trend is consolidation starting from 2025-03-04. The total price change during this trend is -0.40%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of TECH over last 5 trading day is $167,387,126.84
1 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-100.05
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-6.12
Bearish
Momentum (10 days)
MOM_10 < 0
-1.35
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-2.69
Bearish
Moving Average
5-day SMA crosses below 10-day SMA
--
Bearish
1 Bullish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-100.05
Bullish
TECH Support and Resistance Level
The support levels for TECH are at 57.81, 55.85, and 52.68, while the resistance levels are at 64.15, 66.11, and 69.28. With the current stock price at 61.32, it is leaning more toward the resistance levels.
TECH Technical Analysis
Technical Analysis of TECH Stock
Current Price and Trend
The current price of TECH stock is 64.38 as of 2025-03-07. The stock is trading near its recent resistance level of 64.65 and has shown a slight upward movement in the pre-market, with a +0.11% change.
Key Technical Indicators
RSI (14): 42.89
- The RSI is in the lower range but not yet oversold, suggesting potential for a short-term rebound.
MACD: -2.59
- The MACD is negative, indicating bearish momentum. However, the MACD histogram shows a slight improvement, suggesting a potential stabilization.
Stochastic Oscillator: 33.50
- The stock is approaching oversold territory, which could signal a buying opportunity.
Bollinger Bands: Upper (74.11) / Lower (27.89)
- The stock is trading near the lower end of the Bollinger Bands, indicating increased volatility and potential for a bounce.
Support and Resistance Levels
Fibonacci Support Levels:
- S1: 59.89
- S2: 58.13
- S3: 55.27
Fibonacci Resistance Levels:
- R1: 65.62
- R2: 67.38
- R3: 70.25
Price Action and Volume
- The stock has been consolidating between 62.06 and 64.65 over the past few sessions.
- The recent close above 64.00 suggests short-term strength, but the overall trend remains bearish.
- Volume has been moderate, with 1,991,343 shares traded, indicating some investor interest but not a strong buying signal.
Moving Averages
- SMA (5): 62.25
- SMA (10): 62.82
- SMA (20): 65.04
- SMA (50): 71.41
- SMA (200): 73.74
The stock is currently below its 50-day and 200-day moving averages, which is a bearish signal.
Conclusion and Recommendation
Based on the technical analysis, TECH stock is currently in a bearish trend. The negative MACD, lower RSI, and position below key moving averages suggest continued downward pressure.
Recommendation:
- Sell TECH stock at the current price of 64.38.
- Target Price: 59.89 (first support level).
- Stop-Loss: 65.62 (above the first resistance level).
This recommendation is based on the assumption that the bearish trend will continue unless there is a significant bullish catalyst.
TECH FAQs
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How reliable is technical analysis?
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Is TECH a buy based on overall technical signals summary?
TECH Buy or Sell
TECH has 1 buy signals and 4 sell signals now. Overall the technical rating for TECH is Sell.
Sell
Sell
4
Buy
1
TECH Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 61.32 above the SMA_5. In the short term, the stock shows a negative trend with the 61.17 below the SMA_20. In the mid term, the stock shows a negative trend with the 63.19 below the SMA_60. In the long term, the stock shows a negative trend with the 70.3 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about TECH's current trend?What are TECH's key support and resistance levels?