TCF Forecast and Technical Stock AnalysisBuy candidate since 2019-07-18
TCF Financial Corp gained 2.70% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $20.37 to $20.92 During day the stock fluctuated 3.10% from a day low at $20.31 to a day high of $20.94. The price has risen in 6 of the last 10 days , but is still down by -0.24% for this period. Volume fell in the last day by -0.24 million shares, and in total, 1.04 million shares bought and sold for approximately $21.77 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the TCF stock price was $21.39 and low was $19.46.
- 90 day high was $22.66 and low was $18.97.
- 52 week high for the TCF Financial Corp - $26.55 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 $21.38 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 -6.02% during the next 3 months and, with 90% probability hold a price between $17.22 and $20.10 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 $20.80 and $20.22. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 57 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
TCF Financial Corp finds support from accumulated volume at $19.90.
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 $0.63 (3.10%) between high and low. For the last week, the stock has had a daily average volatility of 2.28%.
Our recommended stoploss: $19.95 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
2.28 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|TCF $20.92 ($0.55 2.70%)|
TCF is up $0.55 today, but where's it headed in 2019?
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