TBIX Technical Analysis - TRUSTBIX INC

Technical Rating and Analysis

Taking everything into account, TBIX scores 0 out of 10 in our technical rating. TBIX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, TBIX is a bad performer in the overall market: 82% of all stocks are doing better.

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.

TBIX is an average performer in the Software industry, it outperforms 50% 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

The technical rating of TBIX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.02

0.04

When analyzing the resistance we notice 2 important 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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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The short term trend for TBIX.CA is neutral.
ChartMill Relative Strength	18.69	NEGATIVE	TBIX.CA has a low relative strength, it was outperformed by 81.31% off all stocks 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)	DOWN	MIXED	The current price of TBIX.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	43.83	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.
Stochastics (14,3)	11.11	OVERSOLD	The low Stochastics value suggests TBIX.CA may be oversold.
Average True Range in percent/ATR (20)	16	HIGH VOLATILITY	The high ATR as a percentage value for TBIX.CA suggests high volalility.
Average Directional Index/ADX (14)	15.59	NEGATIVE	The low ADX value for TBIX.CA suggests a weak or negative trend.