Tetra Bio Pharma Inc (TBP.CA) Technical Analysis
TSX:TBP • CA88166Y1007
Current stock price
TBP.CA Technical Rating and Analysis
Taking everything into account, TBP scores 1 out of 10 in our technical rating. TBP'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 87% of all other stocks performed better in the past year than TBP.
- TBP is part of the Pharmaceuticals industry. There are 32 other stocks in this industry, of which 64% are performing better than TBP.
- TBP 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.
- In the last month TBP has a been trading in the 0.02 - 0.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TBP.CA Weekly and Daily overview Charts
TBP.CA Setup Rating and Analysis
Although the technical rating is bad, TBP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone.
More info and screens
TBP.CA Support and Resistance Analysis
0.02
When analyzing the support we notice one important area.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
TBP.CA 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 TBP.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBP.CA is neutral. |
| ChartMill Relative Strength | 13.55 | NEGATIVE | TBP.CA has a low relative strength, it was outperformed by 86.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TBP.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBP.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.17 | NEUTRAL | The RSI value for TBP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TBP.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for TBP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 19 | HIGH VOLATILITY | The high ATR as a percentage value for TBP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.71 | POSITIVE | The high ADX value value for TBP.CA suggests a strong trend. |
TBP.CA Chart- and CandleStick Pattern Analysis
TBP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:TBP (3/6/2023, 7:00:00 PM)
0.025
0 (0%)
Tetra Bio Pharma Inc / TBP.CA TA FAQ
What is the technical rating for TBP stock?
ChartMill assigns a technical rating of 1 / 10 to TBP.CA.
What is the current trend direction of Tetra Bio Pharma Inc (TBP.CA) stock?
The current trend direction for Tetra Bio Pharma Inc (TBP.CA) is Bearish.
What is the RSI signal for TBP stock?
Tetra Bio Pharma Inc (TBP.CA) has an RSI value of 52.1742. This indicates that the stock is currently neutral.
What is the short term momentum for Tetra Bio Pharma Inc (TBP.CA) stock?
The short term momentum for Tetra Bio Pharma Inc (TBP.CA) is neutral.