The Greedy Trader Weekly Analysis
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TJX Companies Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the TJX Companies Inc. (TJX). During the week, the TJX climbed 0.37 points, or 0.39%, and closed at 95.55 on Friday, July 06, 2018. Weekly volume was -44% below average.

TJX is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See TJX long-term trend chart]
A long-term uptrend had started on November 14, 2017 at 66.44 and reached 96.82 on June 20, 2018. TJX gained -30.38 points, or -45.73%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 89.55 and resistance is at 97.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See TJX medium-term trend chart]
A medium-term uptrend had started on June 26, 2018 at 93.62 and reached 96.45 on June 29, 2018. TJX gained -2.83 points, or -3.02%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (94.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 July 5, 2018 at 94.64 and reached 95.95 on July 6, 2018. TJX gained -1.31 points, or -1.38%, in 1 days. The price is now at the 30.53% retracement level.

Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 20, 2018.

A Parabolic SAR (stop and reversal) indicator (96.26) comes close to the price (95.55). It indicates that the trend is getting weaker. 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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (2.34%) is close to one year low (2.66%). It is 68.62% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.68
Williams' Percentage Range (W%R) 57.50
Lane's Stochastic (%D-Slow) 52.11
Greed/Fear Indicator (GFI) 49.10
Moving Average Converg./Diverg. (MACD) 1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.04
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 92.97
Strong Overbought
Greed/Fear Indicator (GFI) 83.49
Overbought
Moving Average Converg./Diverg. (MACD) 3.71
Trading Signals
Description Value Chart
Yearly Trendline Resistance 97.19
Parabolic System 96.26
Weekly Stochastic Crossing 95.66
Price 95.55
Upper Bollinger Band 95.45
20 Day Moving Average 95.27
Daily Stochastic Crossing 95.12
Monthly Trendline Resistance 95.11
Monthly Trendline Support 94.77
Lower Bollinger Band 93.21
50 Day Moving Average 90.19
Yearly Trendline Support 89.55
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.64
Low Date 07/05/2018
High 95.95
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 94.64
Low Date 07/05/2018
High 95.95
High Date 07/06/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 95.11
Support 94.77
Low 93.62
Low Date 06/26/2018
High 96.45
High Date 06/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.82
High Date 06/20/2018
Low 93.62
Low Date 06/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 97.19
Support 89.55
Low 66.44
Low Date 11/14/2017
High 96.82
High Date 06/20/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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