TRAILBLAZER MERGER CORP I (TBMC) Technical Analysis
NASDAQ:TBMC • US89278D1090
Current stock price
7.325 USD
-3.63 (-33.11%)
At close:
7.84 USD
+0.51 (+7.03%)
After Hours:
TBMC Technical Rating and Analysis
Overall TBMC gets a technical rating of 1 out of 10. TBMC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 92% of all other stocks performed better in the past year than TBMC.
- TBMC is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month TBMC has a been trading in the 5.75 - 13.73 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: TBMC has an average volume of 20820 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TBMC Weekly and Daily overview Charts
TBMC Setup Rating and Analysis
The technical rating of TBMC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
TBMC Support and Resistance Analysis
7.25
12.89
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.33 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.61 to 11.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.76 from a horizontal line in the daily time frame.
TBMC 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 | NEUTRAL | NEUTRAL | The long term trend for TBMC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBMC is neutral. |
| ChartMill Relative Strength | 8.05 | NEGATIVE | TBMC has a low relative strength, it was outperformed by 91.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TBMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TBMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.39 | NEUTRAL | The RSI value for TBMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TBMC has a negative trend. |
| Stochastics (14,3) | 31.63 | NEUTRAL | The Stochastics value for TBMC is a neutral value. |
| Average True Range in percent/ATR (20) | 18.26 | HIGH VOLATILITY | The high ATR as a percentage value for TBMC suggests high volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for TBMC suggests a weak or negative trend. |
TBMC Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TBMC Technicals: Chart, Performance Metrics, Trend & Indicators
7.325
-3.63 (-33.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-33.11%
1 Week-30.24%
2 Weeks-27.83%
1 Month-36.36%
3 Month-39.66%
6 Month-37.29%
12 Month-34.3%
2 Year-30.87%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%18.26%
ATR Inc221.55%
Range Today5.85
ADR(20)1.21
ADR(20)%16.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.05
3 months CRS7.2
6 months CRS14.9
Mansfield-3.79
10 Day High11.77
10 Day Low5.75
20 Day High13.73
20 Day Low5.75
52 Week High14.91
52 Week Low5.75
CS1 EndN/A
CR1 Start10.33
Volume & EV
DER(3)-6.84%
DER(5)-4.34%
Volume284.90K
Volume Incr353.51%
Vol(5)66.78K
Vol(50)20.82K
TRAILBLAZER MERGER CORP I / TBMC TA FAQ
What is the ChartMill technical rating of TRAILBLAZER MERGER CORP I (TBMC) stock?
ChartMill assigns a technical rating of 1 / 10 to TBMC.
What is the trend direction for TBMC stock?
The current trend direction for TRAILBLAZER MERGER CORP I (TBMC) is Bearish.
Can you provide the RSI signal for TRAILBLAZER MERGER CORP I?
TRAILBLAZER MERGER CORP I (TBMC) has an RSI value of 32.3879. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TRAILBLAZER MERGER CORP I?
TRAILBLAZER MERGER CORP I (TBMC) has a resistance level at 10.33. Check the full technical report for our detailed analysis of TBMC support and resistance levels.