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Downtrend Broken Resist.Archive
- 4/5/2024 -
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TJX Companies Inc. (TJX) Technical Analysis
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| Summary:
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| | It was the negative week for the TJX Companies Inc. (TJX). During the week, the TJX dropped -4.61 points, or -4.55%, and closed at 96.81 on Friday, April 5, 2024. TJX was trading at average weekly trading volume.
 Long-term trend: [See TJX long-term trend chart]
A long-term uptrend had started on May 17, 2022 at 53.69 and reached 102.84 on February 28, 2024. TJX gained -49.15 points, or -91.54%, in 93 weeks. The price is now at the 12.27% retracement level.
 Medium-term trend: [See TJX medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 86.71 and reached 102.84 on February 28, 2024. TJX gained -16.13 points, or -18.60%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 89.03 and resistance is at 106.20. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See TJX short-term trend chart]
A short-term uptrend had started on March 11, 2024 at 95.56 and reached 102.04 on March 28, 2024. TJX gained -6.48 points, or -6.78%, in 17 days. The price is now at the 80.71% retracement level.
 Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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