TJX COMPANIES INC. THE

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	TJX
ISIN:

TJX COMPANIES INC. THE - Daily - Technical analysis published on 10/21/2019 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 56.12 USD

My targets

60.75 USD (+0.65%)

My analysis

TJX COMPANIES INC. THE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 56.12 USD. The next resistance located at 60.75 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TJX COMPANIES INC. THE rating 60.36 USD. The price registered a decrease of -0.22% on the session and was traded between 60.18 USD and 60.89 USD over the period. The price is currently at +0.30% from its lowest and -0.87% from its highest.

60.18

60.89

60.36

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of TJX COMPANIES INC. THE in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	50.20	53.98	56.12	60.36
Change (%)	-16.83%	-10.57%	-7.02%	-
Change	-10.16	-6.38	-4.24	-
Level	Intermediate	Intermediate	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.69	59.07	59.78	60.16	60.87	61.25	61.96
Camarilla	60.19	60.29	60.39	60.49	60.59	60.69	60.79
Woodie	58.86	59.15	59.95	60.24	61.04	61.33	62.13
Fibonacci	59.07	59.49	59.74	60.16	60.58	60.83	61.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.75	53.34	55.96	57.55	60.17	61.76	64.38
Camarilla	57.41	57.80	58.18	58.57	58.96	59.34	59.73
Woodie	52.26	53.60	56.47	57.81	60.68	62.02	64.89
Fibonacci	53.34	54.95	55.95	57.55	59.16	60.16	61.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.66	52.30	54.02	55.67	57.39	59.03	60.75
Camarilla	54.82	55.12	55.43	55.74	56.05	56.36	56.67
Woodie	50.69	52.32	54.06	55.68	57.42	59.05	60.79
Fibonacci	52.30	53.59	54.38	55.67	56.95	57.75	59.03

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.98
MACD (12,26,9):	1.2400
Directional Movement:	27.24
AROON (14):	78.57
DEMA (21):	58.66
Parabolic SAR (0,02-0,02-0,2):	55.86
Elder Ray (13):	2.60
Super Trend (3,10):	57.41
Zig ZAG (10):	60.36
VORTEX (21):	1.1200
Stochastique (14,3,5):	97.04
TEMA (21):	59.42
Williams %R (14):	-6.78
Chande Momentum Oscillator (20):	6.17
Repulse (5,40,3):	2.1100
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	13.60

MA7:	58.96
MA20:	56.53
MA50:	55.22
MA100:	54.23
MAexp7:	58.96
MAexp20:	57.24
MAexp50:	55.81
MAexp100:	54.65
Price / MA7:	+2.37%
Price / MA20:	+6.78%
Price / MA50:	+9.31%
Price / MA100:	+11.30%
Price / MAexp7:	+2.37%
Price / MAexp20:	+5.45%
Price / MAexp50:	+8.15%
Price / MAexp100:	+10.45%

News

The latest news and videos published on TJX COMPANIES INC. THE at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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