TJX Companies Inc.
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|It was a first positive week for the TJX Companies Inc. (TJX). During the week, the TJX gained 1.05 points, or 2.07%, and closed at 51.77 on Friday, March 15, 2019. Weekly volume was 29% above average. |
Long-term trend: [See TJX long-term trend chart]
A long-term uptrend had started on November 14, 2017 at 66.44 and reached 113.28 on October 1, 2018. TJX gained -46.84 points, or -70.50%, in 45 weeks. The price is now at the 131.32% retracement level.
Medium-term trend: [See TJX medium-term trend chart]
A medium-term uptrend had started on December 24, 2018 at 41.49 and reached 52.73 on March 13, 2019. TJX gained -11.24 points, or -27.09%, in 11 weeks. The price is now at the 8.54% retracement level.
Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 22, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 4, 2019 at 48.19 and reached 52.73 on March 13, 2019. TJX gained -4.54 points, or -9.42%, in 37 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 50.32 and resistance is at 53.00. 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 short-term trend.
Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since November 27, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
The distance between the Bollinger Bands is falling, and it was 6.64% on Friday. It is 69.78% lower than one year average. It indicates the period of low volatility of the stock price. 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.