TRANSCONTINENTAL INC-CL B(TSX:TCL-B) stock Technical Analysis

Technical Rating and Analysis

Overall TCL-B gets a technical rating of 10 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, TCL-B is showing a nice and steady performance.

Warning: TCL-B has an average volume of 455 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, TCL-B did better than 82% of all other stocks. On top of that, TCL-B also shows a nice and consistent pattern of rising prices.

TCL-B is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TCL-B is leading the market.

In the last month TCL-B has a been trading in the 0.00 - 21.05 range, which is quite wide. It is currently trading near the high of this range.

TCL-B is part of the Containers & Packaging industry. There are 9 other stocks in this industry, TCL-B did better than 50% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TRANSCONTINENTAL INC-CL B / TCL-B Weekly stock chart

TRANSCONTINENTAL INC-CL B / TCL-B Daily stock chart

Setup Rating and Analysis

Although TCL-B has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.33

21.09

We found 1 important support area.

Support @17.50 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 20.69 to 20.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for TCL-B.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TCL-B.CA is up.
ChartMill Relative Strength	82.08	POSITIVE	TCL-B.CA has a high relative strength, it outperformed 82.08% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TCL-B.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TCL-B.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TCL-B.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.17	NEUTRAL	The RSI value for TCL-B.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests TCL-B.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.23	NEUTRAL	The Stochastics value for TCL-B.CA is a neutral value.
Average True Range in percent/ATR (20)	11.62	HIGH VOLATILITY	The high ATR as a percentage value for TCL-B.CA suggests high volalility.
Average Directional Index/ADX (14)	10.56	NEGATIVE	The low ADX value for TCL-B.CA suggests a weak or negative trend.