TJX Companies Inc.
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|It was the negative week for the TJX Companies Inc. (TJX). During the week, the TJX dropped -3.56 points, or -7.29%, and closed at 45.29 on Friday, December 07, 2018. Weekly volume was 155% 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 chart has formed a Rising Channel chart pattern. The uptrend support line (109.97) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TJX may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
Medium-term trend: [See TJX medium-term trend chart]
A medium-term downtrend had started on October 1, 2018 at 113.28 and reached 45.04 on December 7, 2018. TJX lost 68.24 points, or 60.24%, in 9 weeks. Price is near the trend low.
Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See TJX short-term trend chart]
A short-term downtrend had started on December 3, 2018 at 49.36 and reached 45.04 on December 7, 2018. TJX lost 4.32 points, or 8.75%, in 4 days. The price is now at the 5.79% retracement level.
Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since November 27, 2018. The distance between MACD and the signal line is low, but getting bigger.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.