The Hourly View for TPX
At the time of this writing, TPX (Get Ratings)’s price is down $-0.05 (-0.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on TPX; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Consumer Goods stocks, TPX ranks 22nd in regards to today’s price percentage change.
TPX’s Technical Outlook on the Daily Chart
At the moment, TPX’s price is up $0.2 (0.41%) 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. Tempur Sealy International Inc’s price action over the past 90 days can be seen via the chart below.
TPX: Daily RSI Analysis
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