TOPBUILD CORP. - Weekly - Technical analysis published on 08/20/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 141.21 USD
My targets
165.44 USD (+5.34%)
My analysis
The bullish trend is currently very strong on TOPBUILD CORP.. As long as the price remains above the support at 141.21 USD, you could try to benefit from the boom. The first bullish objective is located at 165.44 USD. The bullish momentum would be boosted by a break in this resistance. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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This analysis was given by Mattkh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TOPBUILD CORP. rating 157.05 USD. The price is up +2.78% over 5 days and has been traded over the last 5 days between 154.00 USD and 159.56 USD. This implies that the 5 day price is +1.98% from its lowest point and -1.57% from its highest point.154.00
159.56
157.05
Here is a more detailed summary of the historical variations registered by TOPBUILD CORP.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this TOPBUILD CORP. chart shows a strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 : Weekly
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 86.79 | 112.26 | 130.55 | 157.05 |
| Change (%) | -44.74% | -28.52% | -16.87% | - |
| Change | -70.26 | -44.79 | -26.50 | - |
| Level | Major | Intermediate | Major | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.14 | 152.10 | 153.65 | 156.61 | 158.16 | 161.12 | 162.67 |
| Camarilla | 153.97 | 154.38 | 154.80 | 155.21 | 155.62 | 156.04 | 156.45 |
| Woodie | 148.45 | 151.75 | 152.96 | 156.26 | 157.47 | 160.77 | 161.98 |
| Fibonacci | 152.10 | 153.82 | 154.88 | 156.61 | 158.33 | 159.39 | 161.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.12 | 139.93 | 146.68 | 150.49 | 157.24 | 161.05 | 167.80 |
| Camarilla | 150.54 | 151.50 | 152.47 | 153.44 | 154.41 | 155.38 | 156.34 |
| Woodie | 137.60 | 140.67 | 148.16 | 151.23 | 158.72 | 161.79 | 169.28 |
| Fibonacci | 139.93 | 143.96 | 146.45 | 150.49 | 154.52 | 157.01 | 161.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.75 | 102.03 | 116.98 | 126.26 | 141.21 | 150.49 | 165.44 |
| Camarilla | 125.26 | 127.48 | 129.70 | 131.92 | 134.14 | 136.36 | 138.58 |
| Woodie | 95.58 | 103.45 | 119.81 | 127.68 | 144.04 | 151.91 | 168.27 |
| Fibonacci | 102.03 | 111.29 | 117.01 | 126.26 | 135.52 | 141.24 | 150.49 |
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): | 68.40 | |
| MACD (12,26,9): | 13.0000 | |
| Directional Movement: | 23.76 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 136.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 119.07 | |
| Elder Ray (13): | 27.99 | |
| Super Trend (3,10): | 114.70 | |
| Zig ZAG (10): | 157.05 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 97.61 | |
| TEMA (21): | 145.12 | |
| Williams %R (14): | -4.00 | |
| Chande Momentum Oscillator (20): | 42.36 | |
| Repulse (5,40,3): | 12.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0800 | |
| Courbe Coppock: | 96.91 |
| MA7: | 152.47 | |
| MA20: | 140.78 | |
| MA50: | 127.98 | |
| MA100: | 110.42 | |
| MAexp7: | 139.29 | |
| MAexp20: | 121.40 | |
| MAexp50: | 106.79 | |
| MAexp100: | 93.70 | |
| Price / MA7: | +3.00% | |
| Price / MA20: | +11.56% | |
| Price / MA50: | +22.71% | |
| Price / MA100: | +42.23% | |
| Price / MAexp7: | +12.75% | |
| Price / MAexp20: | +29.37% | |
| Price / MAexp50: | +47.06% | |
| Price / MAexp100: | +67.61% |
Quotes :
2020-08-19 19:59:59
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15 min delayed data
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NYSE Stocks
News
The last news published on TOPBUILD CORP. at the time of the generation of this analysis was as follows:
- TopBuild Corp. to Host Earnings Call
- TopBuild Acquires Canyon Insulation
- TopBuild to Present at J.P. Morgan Homebuilding & Building Products Conference Wednesday, May 17 at 1:50 p.m.
- TopBuild Reports Strong First Quarter 2017 Results
- TopBuild Acquires Superior Insulation Products
This member declared not having a position on this financial instrument or a related financial instrument.
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