TPG RE FINANCE TRUST INC. - Daily - Technical analysis published on 02/05/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 20.42 USD
My targets
20.82 USD (+0.37%)
21.16 USD (+2.04%)
My analysis
The bullish trend is currently very strong on TPG RE FINANCE TRUST INC.. As long as the price remains above the support at 20.42 USD, you could try to benefit from the boom. The first bullish objective is located at 20.82 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.16 USD as an objective. Crossing it would then enable buyers to target 21.54 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TPG RE FINANCE TRUST INC. rating is 20.74 USD. The price has increased by +0.53% since the last closing with the lowest point at 20.65 USD and the highest point at 20.77 USD. The deviation from the price is +0.44% for the low point and -0.14% for the high point.20.65
20.77
20.74
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TPG RE FINANCE TRUST INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TPG RE FINANCE TRUST INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 19.83 | 20.42 | 20.65 | 20.74 | 20.95 |
| Change (%) | -4.39% | -1.54% | -0.43% | - | +1.01% |
| Change | -0.91 | -0.32 | -0.09 | - | +0.21 |
| Level | Minor | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.23 | 20.38 | 20.51 | 20.66 | 20.79 | 20.94 | 21.07 |
| Camarilla | 20.55 | 20.58 | 20.60 | 20.63 | 20.66 | 20.68 | 20.71 |
| Woodie | 20.21 | 20.37 | 20.49 | 20.65 | 20.77 | 20.93 | 21.05 |
| Fibonacci | 20.38 | 20.49 | 20.55 | 20.66 | 20.77 | 20.83 | 20.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.01 | 20.23 | 20.35 | 20.57 | 20.69 | 20.91 | 21.03 |
| Camarilla | 20.38 | 20.41 | 20.44 | 20.47 | 20.50 | 20.53 | 20.56 |
| Woodie | 19.96 | 20.21 | 20.30 | 20.55 | 20.64 | 20.89 | 20.98 |
| Fibonacci | 20.23 | 20.36 | 20.44 | 20.57 | 20.70 | 20.78 | 20.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.38 | 19.72 | 20.10 | 20.44 | 20.82 | 21.16 | 21.54 |
| Camarilla | 20.27 | 20.34 | 20.40 | 20.47 | 20.54 | 20.60 | 20.67 |
| Woodie | 19.39 | 19.73 | 20.11 | 20.45 | 20.83 | 21.17 | 21.55 |
| Fibonacci | 19.72 | 20.00 | 20.17 | 20.44 | 20.72 | 20.89 | 21.16 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.10 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 12.25 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 20.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.45 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 20.30 | |
| Zig ZAG (10): | 20.73 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 63.38 | |
| TEMA (21): | 20.68 | |
| Williams %R (14): | -17.65 | |
| Chande Momentum Oscillator (20): | 0.23 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.97 |
| MA7: | 20.63 | |
| MA20: | 20.53 | |
| MA50: | 20.23 | |
| MA100: | 19.86 | |
| MAexp7: | 20.63 | |
| MAexp20: | 20.52 | |
| MAexp50: | 20.26 | |
| MAexp100: | 19.90 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +2.52% | |
| Price / MA100: | +4.43% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | +2.37% | |
| Price / MAexp100: | +4.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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