Overall TBMC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TBMC is showing a nice and steady performance.
Besides having an excellent technical rating, TBMC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 11.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TBMC 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.
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11.40
When analyzing the support we notice one important area.
- A support zone ranging from 11.52 to 11.90. 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 | UP | POSITIVE | The long term trend for TBMC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TBMC is up. |
| ChartMill Relative Strength | 76.2 | POSITIVE | TBMC has a high relative strength, it outperformed 76.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TBMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.7 | NEUTRAL | The RSI value for TBMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests TBMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.37 | NEUTRAL | The Stochastics value for TBMC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.44 | HIGH VOLATILITY | The high ATR as a percentage value for TBMC suggests high volalility. |
| Average Directional Index/ADX (14) | 57.78 | POSITIVE | The high ADX value value for TBMC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.41 | 11.99 | 1.42 (10.60%) | 9.43% |
| An entry @13.41. This is a Buy Stop order right above the 10 day moving average. | An exit @11.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.42 points, which is 10.60%. | When investing 9.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TBMC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.4
-0.63 (-4.49%)
TRAILBLAZER MERGER CORP I / TBMC FAQ
What is the ChartMill technical rating of TRAILBLAZER MERGER CORP I (TBMC) stock?
ChartMill assigns a technical rating of 9 / 10 to TBMC.
What is the current trend direction of TRAILBLAZER MERGER CORP I (TBMC) stock?
The current trend direction for TRAILBLAZER MERGER CORP I (TBMC) is Bullish.
What is the RSI signal for TBMC stock?
TRAILBLAZER MERGER CORP I (TBMC) has an RSI value of 57.7006. This indicates that the stock is currently neutral.
What is the MACD signal for TBMC stock?
The MACD indicator for TRAILBLAZER MERGER CORP I (TBMC) has a value of 0.138944, indicating a bearish trend.
What are the support and resistance levels for TRAILBLAZER MERGER CORP I (TBMC) stock?
TRAILBLAZER MERGER CORP I (TBMC) has a support level at 11.9. Check the full technical report for our detailed analysis of TBMC support and resistance levels.