- 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
