TRICAN WELL SERVICE LTD (TCW.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TCW - CA8959451037 - Common Stock
Overall TCW gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TCW is only an average performer.
Although the technical rating is only medium, TCW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TCW 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.
More info and screens
3.98
3 important support areas can be observed.
- A support zone ranging from 5.41 to 5.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.20 to 5.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.02 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.78 to 5.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The short term trend for TCW.CA is up. |
| ChartMill Relative Strength | 53.2 | NEUTRAL | TCW.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TCW.CA is above 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) | 56.25 | NEUTRAL | The RSI value for TCW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TCW.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68 | NEUTRAL | The Stochastics value for TCW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TCW.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.45 | NEGATIVE | The low ADX value for TCW.CA suggests a weak or negative 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 |
|---|---|---|---|
| 5.87 | 5.40 | 0.47 (8.01%) | 12.49% |
| An entry @5.87. This is a Buy Stop order right above the resistance zone. | An exit @5.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.47 points, which is 8.01%. | For a 1.00% total portfolio risk, you can invest 12.49% of your capital in this trade. |
- 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 (11/24/2025, 7:00:00 PM)
5.77
+0.01 (+0.17%)
TRICAN WELL SERVICE LTD / TCW.CA FAQ
Can you provide the ChartMill technical rating for TRICAN WELL SERVICE LTD?
ChartMill assigns a technical rating of 6 / 10 to TCW.CA.
What is the current trend direction of TRICAN WELL SERVICE LTD (TCW.CA) stock?
The current trend direction for TRICAN WELL SERVICE LTD (TCW.CA) is Bullish.
What is the RSI signal for TRICAN WELL SERVICE LTD (TCW.CA) stock?
TRICAN WELL SERVICE LTD (TCW.CA) has an RSI value of 56.2545. This indicates that the stock is currently neutral.
What is the short term momentum for TCW stock?
The short term momentum for TRICAN WELL SERVICE LTD (TCW.CA) is positive.
What is the support and resistance level for TCW stock?
TRICAN WELL SERVICE LTD (TCW.CA) has a support level at 5.42 and a resistance level at 5.78. Check the full technical report for our detailed analysis of TCW.CA support and resistance levels.