The Hourly View for TPX
At the time of this writing, TPX (Get Ratings)’s price is up $0.34 (0.74%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as TPX has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 20 hour changed directions on TPX; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Consumer Goods stocks, TPX ranks 18th in regards to today’s price percentage change.
TPX’s Technical Outlook on the Daily Chart
Currently, TPX’s price is up $0.34 (0.74%) 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 100 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: Daily RSI Analysis
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