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. In the last year, TBL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, TBL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TBL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.42 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.50 to 3.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 3.66 to 3.70. 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 | 16.85 | NEGATIVE | TBL.CA has a low relative strength, it was outperformed by 83.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TBL.CA is above a declining 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) | 52.7 | NEUTRAL | The RSI value for TBL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TBL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.4 | NEUTRAL | The Stochastics value for TBL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for TBL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for TBL.CA suggests a weak or negative trend. |
TSX:TBL (1/6/2026, 7:00:00 PM)
3.49
-0.02 (-0.57%)
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 52.7012. 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 3.47 and a resistance level at 3.5. Check the full technical report for our detailed analysis of TBL.CA support and resistance levels.