TCF Financial Corp Forecast and Stock Analysis
Technical TCF stock analysis for February 15, 2019.
|Shorts||1.31% ( 2019-01-31 )|
TCF Financial Corp gained 3.92% in the last trading day, rising from $22.45 to $23.33 The price has risen in 6 of the last 10 days and is up by 4.15% 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, 0.68 million more shares were traded than the day before. In total, 2.36 million shares bought and sold for approximately $55.04 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TCF stock was $23.33. This is 3.92% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.82% from a day low at $22.53 to a day high of $23.39.
30 day high of the TCF stock price was $23.52 and low was $20.98.
90 day high was $23.52 and low was $18.17.
52 week high for the TCF Financial Corp - $27.34 and low - $18.17.
TCF Financial Corp lies in the upper part of a wide and weak rising 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 $23.69 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.36% during the next 3 months and, with 90% probability hold a price between $20.39 and $25.20 at the end of this period.
Only positive signals in the chart today. TCF Financial Corp holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $22.74 and $21.54. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
TCF Financial Corp finds support from accumulated volume at $22.72.
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 (3.82%) between high and low. For the last week, the stock has had a daily average volatility of 2.02%.
Our recommended stoploss: $22.27 (-4.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
TCF Financial Corp holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.