- TYL broke out from its 2022 downtrend in July. TYL is now 21% off of its June low, but is still down 35% from its December 2021 highs. The zoom chart reveals that the recent 13% decline puts TYL at support from its new 2-month uptrend line. TYL is also repeating a pattern that has occurred 3 other times in the past 10 years; a long-term rally from a weekly oversold position.
RRG analysis shows that TYL has made a move from the Lagging quadrant, through the Improving quadrant, and is just entering the Leading quadrant. TYL was a Top 20 stock in this week’s TPA-RRG report. (see the TOP 20-Bottom 20 RRG below).
- LMND rose above its extremely steep 24-month downtrend line in March. LMND has spent the past 6 months building a base around the 16-17 level. LMND is down 87% from its 2021 high. The 1-year chart shows that LMND rose above its 5-month downtrend line in August. The Zoom chart shows that LMND’s 16-day 30% decline puts the stock at support from its new 3-month uptrend line.
RRG analysis shows that LMND has made a move from the Lagging quadrant, through the Improving quadrant, and is just entering the Leading quadrant. LMND was a Top 20 stock in this week’s TPA-RRG report. (see the TOP 20-Bottom 20 RRG below).
Relative Rotation Graphs (RRG) – explanation video
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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