The TJX Companies, Inc. (TJX)
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Currently, TJX Companies stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean TJX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
When you own a stock with some profit, it's really difficult to decide the best moment to sell and get your benefits. Like when we have to buy shares, deciding when is appropiate time to sell is not a haphazard decision, and we must adhere our own trading style. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for shorting TJX Companies stock
As a golden rule, you must never mantain an open trade that produces greater losses than those expected at the time of purchase. When to sell shares must always be determined by the stop-loss (automatic or manual)
Currently, TJX Companies stock doesn't match any of our preferred sell setups, so if you own TJX Companies stock and your operation is in profit probably is not time to sell now
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, just one rating was published for TJX Companies
|Sep 18th, 2020|
|JPMorgan Chase & Co.||Buy|
A favorite tool of many technical analysts are the moving averages, that easily show trend direction. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Further about Moving Averages from sources like Wikipedia and Investopedia
Traders use support and resistance levels as a way to identify price points in the stock price action that tend to work as obstacles, containing the price of an asset to move in certain direction. Supports are levels where the price may find support as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it will probably continue declining until finding another support level. On the other hand, a resistance level is where the price may find a curb as it rises. Likewise, this means that the price is more liable to "bounce off" at this level, and if it finally crosses this level, the price will climb easily until it meets the next resistance
The current resistance levels are:
The current supports are:
The so-called Bollinger bands are a well-known studio that was created by John Bollinger. Essentially, the Bollinger Bands are lines that flow around a moving average and vary the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
Since the price surpassed the upper band on September 16, the price has corrected downwards by 6.86%. Since the price broke down the lower band last Thursday, the price bounced off by 4.56%
The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to plot the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI moves between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s
The RSI dropped below the overbought level of 70 in mid-August after just crossing to the overbough zone for just one day (weak signal). The RSI reading today was 48.21. TJX Companies stock collapsed a 8.84% since that level was lost
In mid-August, TJX Companies had the financial event and released the Q2 report. TJX Companies posted 2nd-quarter earnings of $-0.18 per share on sales of $4.4 billion. The Wall St estimate was $-0.10 per share on revenue of $5.5 billion.
This compares to earnings of $0.62 per share a year ago, so reported EPS means a loss of -129.03%. Looking at turnover, figures sank a -52.49% compared to $9.3B year over year.
TJX Companies is presenting quarterly earnings report next November. Wall Street analysts estimate a per-share earnings of %s of $0.38, that is a 311.11% more than previous quarter. Financial reporting day has a more than usual risk for stock investors as the results disclosed can jump up or down the stock price with lower volume and not respecting your buy or stop-loss orders. You can probably obtain more details about the earnings call and the earnings reports on the Investor Relations section of its website: http://www.tjx.com.