Tempur Sealy International Inc (TPX): Price Now Near $43.81; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for TPX

500 – Internal server error It’s been a feast for bears operating on an hourly timeframe, as TPX has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Consumer Goods stocks, TPX ranks 13th in regards to today’s price percentage change.

TPX’s Technical Outlook on the Daily Chart

Currently, TPX’s price is up $0.03 (0.06%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows TPX’s price action over the past 90 days.

TPX

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TPX: Daily RSI Analysis

  • For TPX, its RSI is now at 100.
  • TPX and RSI both have consistent trends, as they are both heading up.

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