TBIX Technical Analysis - TRUSTBIX INC

Technical Rating and Analysis

Overall TBIX gets a technical rating of 1 out of 10. TBIX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month TBIX has a been trading in the 0.03 - 0.04 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

When compared to the yearly performance of all other stocks, TBIX outperforms 66% of them, which is more or less in line with the market.

TBIX is an average performer in the Software industry, it outperforms 67% of 62 stocks in the same industry.

TBIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBIX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, TBIX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.03. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.02

0.04

We can see 2 important resistance areas.

A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for TBIX.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TBIX.CA is down.
ChartMill Relative Strength	66.76	NEUTRAL	TBIX.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TBIX.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TBIX.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TBIX.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.27	NEUTRAL	The RSI value for TBIX.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests TBIX.CA has a negative trend, although the MACD value is rising.
Average True Range in percent/ATR (20)	17	HIGH VOLATILITY	The high ATR as a percentage value for TBIX.CA suggests high volalility.
Average Directional Index/ADX (14)	15.58	NEGATIVE	The low ADX value for TBIX.CA suggests a weak or negative trend.