TRICAN WELL SERVICE LTD (TCW.CA) Stock Technical Analysis
TSX:TCW - CA8959451037 - Common Stock
5.77 CAD
-0.02 (-0.35%)
Overall TCW gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month TCW has a been trading in the 5.67 - 6.01 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that TCW is one of the better performing stocks in the market, outperforming 75% of all stocks.
TCW is part of the Energy Equipment & Services industry. There are 26 other stocks in this industry. TCW outperforms 72% of them.
TCW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TCW is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, TCW also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.97. Right above this resistance zone may be a good entry point.
More info and screens
3.98
6.06
We found 4 important support areas.
- Support @5.76 from a horizontal line in the weekly time frame.
- A support zone ranging from 5.51 to 5.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.00 from a trend line in the daily time frame.
- Support @4.02 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.97 to 6.00. 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 TCW.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TCW.CA is neutral. |
| ChartMill Relative Strength | 75.26 | POSITIVE | TCW.CA has a high relative strength, it outperformed 75.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TCW.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCW.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCW.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.61 | NEUTRAL | The RSI value for TCW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TCW.CA has a negative trend. |
| Stochastics (14,3) | 49.49 | NEUTRAL | The Stochastics value for TCW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for TCW.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.67 | POSITIVE | The high ADX value value for TCW.CA suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 5.88 | 5.75 | 0.13 (2.21%) | 25.00% |
| An entry @5.88. This is a Buy Stop order right above the 10 day moving average. | An exit @5.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.13 points, which is 2.21%. | For a 0.55% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TCW. 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.
TSX:TCW (9/8/2025, 7:00:00 PM)
5.77
-0.02 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.35%
1 Week-3.19%
2 Weeks-1.7%
1 Month-1.2%
3 Month24.09%
6 Month28.22%
12 Month26.81%
2 Year24.09%
3 Year101.05%
5 Year401.74%
10 Year748.53%
15 Year-64.84%
Volatility
ATR(14)0.13
ATR(20)%2.2%
ATR Inc40.41%
Range Today0.13
ADR(20)0.13
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.26
Mansfield0.91
10 Day High6
10 Day Low5.7
20 Day High6.02
20 Day Low5.67
52 Week High6.02
52 Week Low3.69
CS1 End5.76
CR1 Start5.97
Volume & EV
DER(3)-2.21%
DER(5)1.92%
Volume280.24K
Volume Incr-48.1%
Vol(5)253.30K
Vol(50)599.31K