TJX Companies Inc.
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|It was the negative week for the TJX Companies Inc. (TJX). During the week, the TJX dropped -2.18 points, or -2.61%, and closed at 81.26 on Friday, April 13, 2018. It was the worst weekly loss since February 9, 2018. Weekly volume was 8% above average. |
Long-term trend: [See TJX long-term trend chart]
A long-term downtrend had started on August 15, 2016 at 83.64 and reached 66.44 on November 14, 2017. TJX lost 17.20 points, or 20.56%, in 65 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (65.49) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.
Medium-term trend: [See TJX medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 79.72 and reached 85.21 on April 5, 2018. TJX gained -5.49 points, or -6.89%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (84.80) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.
Weekly Technical Indicators: [See TJX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 November 24, 2017. This is an indication that the medium-term trend is up. 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 April 5, 2018 at 85.21 and reached 80.93 on April 13, 2018. TJX lost 4.28 points, or 5.02%, in 8 days. The price is now at the 7.71% retracement level.
Daily Technical Indicators: [See TJX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.