Shareholder returns and stock trends
Tech Data (TEDC) generated investor returns of 22.2% in the trailing-12-month period and -5.9% in the trailing-one-month period. In comparison, it generated 10.4% YTD (year-to-date), and its share price fell by 10.8% in the trailing-five-day period.
On August 25, 2016, Tech Data closed the trading day at $73.28. Based on this figure, here’s how the stock fared in terms of its moving averages:
- 1.4% below its 100-day moving average of $74.34
- 5.3% below its 50-day moving average of $77.40
- 7.7% below its 20-day moving average of $79.43
MACD and RSI
The MACD (moving average convergence divergence) is the difference between a company’s short-term and long-term moving averages. Tech Data’s 14-day MACD is -2.2. This negative figure indicates a downward trading trend.
The company’s 14-day RSI (relative strength index) is 32, which shows that its stock has been somewhat oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure of below 30 suggests that a stock has been oversold.
Of the nine analysts covering TECD’s stock, one has given it a “buy” recommendation, three have given it “sell” recommendations, and five have given it “hold” recommendations.
The analyst stock price target for the company is $72 with a median target estimate of $71.5. TECD is trading at a premium of 2.4% to its median estimate.