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Texas Capital released new market insights this week from Steve Orr, Chief Investment Officer of Texas Capital Private Bank.
The company shared a link for further information in its latest post. Details are being clarified.
TCBI is trading at $100.76, placing it above the SMA-20 ($98.75), SMA-50 ($99.60), and SMA-200 ($93.42), indicating positive short-, medium-, and long-term trends remain intact. The Ichimoku Kijun on D1 is at $98.68, directly below the current price and acts as immediate support; near-term support levels are grouped at SMA-50 ($99.60) and the Kijun ($98.68), with key support at SMA-200 ($93.42). Near-term resistance is at SMA-5 ($100.66), while key resistance is at the recent high around $102.72 from today's session range.
Momentum signals are mixed, with MACD on D1 giving a Buy and ADX indicating a neutral trend with low strength. Overbought readings come from CCI and BBP, while Stoch RSI signals strong selling pressure. The RSI on D1 shows mild bullishness at 53.19, but BBP at 2.92 points to continued buyer dominance intraday. Awesome Oscillator on D1 is neutral, offering no added confirmation of trend strength. TCBI has declined $0.93 (0.89%) over the past week, trading at $100.76 against a previous close of $101.69, and sits in the middle of its weekly range; weekly volatility stands at 4.54%, reflecting a consolidative tone after retreating from its high.
For the next week, the expected price range is $98.50–$103.00, keeping well within historical volatility and consistent with the current price relative to its 52-week low of $73.61 and high of $108.92. The probability of a price increase is moderate (about 50%), while a further decline is equally likely, based on W1 signals (MA-50-w1, MACD-W1, and RSI-W1 are bullish, while ADX-W1 is neutral). For the baseline scenario, price action is likely to remain sideways within support and resistance. A bullish breakout above near-term resistance could open the way to retest recent highs, while failure of support near the Ichimoku Kijun and SMA-50 may trigger a deeper pullback toward $98.50.
Previously it was reported that Texas Capital was exhibiting a sustained uptrend, with analysts anticipating continued strength in its share price and limited downside risk. As the current environment evolves, investors should closely monitor for a confirmed breakout or renewed momentum shift as the prevailing scenario develops.