TAIGA BUILDING PRODUCTS LTD (TBL.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TBL - CA87402A1084 - Common Stock
We assign a technical rating of 3 out of 10 to TBL. Recently some decent action could be observed, but in the medium term time frame this is still negative. TBL was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, TBL is a bad performer in the overall market: 86% of all stocks are doing better.
- TBL is part of the Trading Companies & Distributors industry. There are 12 other stocks in this industry, of which 100% are performing better than TBL.
- TBL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: TBL has an average volume of 5004 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month TBL has a been trading in the 3.23 - 3.59 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Although the technical rating is bad, TBL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.31, a Stop Loss order could be placed below this zone.
More info and screens
3.12
2 important support areas can be observed.
- Support @3.31 from a horizontal line in the daily time frame.
- A support zone ranging from 3.15 to 3.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.56 to 3.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 3.66 to 3.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for TBL.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBL.CA is neutral. |
| ChartMill Relative Strength | 14.38 | NEGATIVE | TBL.CA has a low relative strength, it was outperformed by 85.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TBL.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.43 | NEUTRAL | The RSI value for TBL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TBL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.82 | NEUTRAL | The Stochastics value for TBL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TBL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for TBL.CA suggests a weak or negative trend. |
TSX:TBL (1/12/2026, 7:00:00 PM)
3.46
-0.07 (-1.98%)
TAIGA BUILDING PRODUCTS LTD / TBL.CA FAQ
What is the ChartMill technical rating of TAIGA BUILDING PRODUCTS LTD (TBL.CA) stock?
ChartMill assigns a technical rating of 3 / 10 to TBL.CA.
What is the current trend direction of TAIGA BUILDING PRODUCTS LTD (TBL.CA) stock?
The current trend direction for TAIGA BUILDING PRODUCTS LTD (TBL.CA) is Bearish.
What is the RSI signal for TAIGA BUILDING PRODUCTS LTD (TBL.CA) stock?
TAIGA BUILDING PRODUCTS LTD (TBL.CA) has an RSI value of 49.4277. This indicates that the stock is currently neutral.
What is the short term momentum for TAIGA BUILDING PRODUCTS LTD (TBL.CA) stock?
The short term momentum for TAIGA BUILDING PRODUCTS LTD (TBL.CA) is neutral.
What are the support and resistance levels for TAIGA BUILDING PRODUCTS LTD (TBL.CA) stock?
TAIGA BUILDING PRODUCTS LTD (TBL.CA) has a support level at 3.31 and a resistance level at 3.56. Check the full technical report for our detailed analysis of TBL.CA support and resistance levels.