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Uptrend SupportArchive
- 4/19/2024 -
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TJX Companies Inc. (TJX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the TJX Companies Inc. (TJX). During the week, the TJX dropped -1.06 points, or -1.12%, and closed at 93.36 on Friday, April 19, 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 chart has formed a Rising Wedge chart pattern. The uptrend support line (99.32) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TJX may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See TJX medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 72.92 and reached 102.84 on February 28, 2024. TJX gained -29.92 points, or -41.03%, in 50 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (97.31) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TJX may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See TJX short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 102.04 and reached 92.35 on April 19, 2024. TJX lost 9.69 points, or 9.50%, in 22 days. The price is now at the 10.42% retracement level.
 Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (11.65%) is close to one year high (9.59%). It is 101.33% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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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