TCF Financial Corp Forecast and Stock Analysis
Technical TCF stock analysis for April 24, 2019.
|Shorts||3.22% ( 2019-03-29 )|
TCF Financial Corp gained 0.37% in the last trading day, rising from $21.90 to $21.98 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 1.9% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.50 million more shares were traded than the day before. In total, 1.96 million shares bought and sold for approximately $43.04 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the TCF stock was $21.98. This is 0.37% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 4.02% from a day low at $21.41 to a day high of $22.27.
30 day high of the TCF stock price was $22.50 and low was $19.32.
90 day high was $23.83 and low was $19.32.
52 week high for the TCF Financial Corp - $27.34 and low - $18.17.
TCF Financial Corp lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.48 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.51% during the next 3 months and, with 90% probability hold a price between $17.79 and $21.02 at the end of this period.
TCF Financial Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $22.00. On a fall, the stock will find some support from the long-term average at approximately $21.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
TCF Financial Corp finds support from accumulated volume at $21.90.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.86 (4.02%) between high and low. For the last week, the stock has had a daily average volatility of 2.80%.
Our recommended stoploss: $20.78 (-5.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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TCF Financial Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|TCF $21.98 ($0.08 0.37%)|
TCF is up $0.08 today, but where's it headed in 2019?
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