pool adsTJX $TJX is Weak on a Near Term Basis, in Charts
TJX (NYSE: TJX) is Weak on a Near Term Basis. This is shown in charts and graphs.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 84.18 | 81.14 | 79.11 |
| P2 | 85.08 | 84.37 | 84.48 |
| P3 | 86.69 | 87.73 | 89.70 |
Support and Resistance Plot Chart for TJX
Long Term Trading Plans for TJX
May 22, 2018, 9:56 am ET
The technical Summary and associated Trading Plans for TJX listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for TJX. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
TJX - (Long) Support Plan
Buy over 79.11 target 84.48 stop loss @ 78.85.
The technical summary data tells us to buy TJX near 79.11 with an upside target of 84.48. This data also tells us to set a stop loss @ 78.85 to protect against excessive loss in case the stock begins to move against the trade. 79.11 is the first level of support below 84.27 , and by rule, any test of support is a buy signal. In this case, support 79.11 would be being tested, so a buy signal would exist.
TJX - (Short) Resistance Plan
Short under 84.48 target 79.11 stop loss @ 84.74.
The technical summary data is suggesting a short of TJX as it gets near 84.48 with a downside target of 79.11. We should have a stop loss in place at 84.74 though. 84.48 is the first level of resistance above 84.27, and by rule, any test of resistance is a short signal. In this case, if resistance 84.48 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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